Check my work 2 Interactive Arts is a video game company that competes with Extravision Blizzard. A condensed balance sheet for Interactive Arts and a partially completed vertical analysis are presented below. Required: 3 points 1. Complete the vertical analysis by computing each line item as a percentage of total assets. TIP: Accounts Receivable was 4 percent, computed as ($265 + $5,994). 2-a. What percentages of Interactive Arts assets relate to intangibles versus property and equipment? 2-b. Which of these two asset groups is more significant to Interactive Arts business? eBook Print Complete this question by entering your answers in the tabs below. References Req 1 Req 2A Req 2B Req 1 Req 2A Req 2B Complete the vertical analysis by computing each line item as a percentage of total assets. TIP: Accounts Receivable was 4 percent, computed as ($265 - $5,994). (Round your answers to the nearest whole percent.) INTERACTIVE ARTS Balance Sheet (summarized) March 31, 2016 (in millions of U.S. dollars) 42 % Accounts Payable Cash and Short-Term Investments 2,511 $ 126 2 % 265 4 Deferred Revenue 835 Accounts Receivable, Net Inventory 37 1 Notes Payable (long-term) 35 2,109 3,070 Other Current Assets 891 Total Liabilities 51 1,397 2,878 Intangibles Property and Equipment, Net Other Assets 570 46 1 Common Stock Retained Earnings 5 Total Stockholders' Equity 100 % Total Liabilities & Stockholders' Equity 323 49 2,924 $ 5,994 Total Assets $ 5,994 100% Reg 1 Req 2A Reg 1 Req 2A Req 2B What percentages of Interactive Arts assets relate to intangibles versus property and equipment? (Round your answers to the nearest whole percent.) Percentage % Intangibles Property and Equipment %