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Business, 05.08.2020 02:01 AutumnJoy12

Electronic Arts is a video game company that competes with Activision Blizzard. A condensed balance sheet for Electronic Arts and a partially completed vertical analysis are presented below. Cash and Short-term Investments $1,680 33% Accounts Payable $136 2%Accounts Receivable, Net 312 6 Accrued Liabilities 658 Inventories 42 1 Notes Payable (long-term) 2,009 40Other Current Assets 291 Total Liabilities 2,803 Intangibles 1,974 Common Stock 2,246 44Property and Equipment, Net 548 Retained Earnings 21 1Other Assets 223 4 Total Stockholders' Equity 2,267 45Total Assets $5,070 100% Total Liabilities & Stockholders' Equity $5,070 100%Required: a. Complete the vertical analysis by computing each line item as a percentage of total assets. b. What percentages of Electronic Arts' assets relate to intangibles versus property and equipment?

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