s portaty compieted ertical analysis are poseed bNow 1Completo the werfical anal
ID: 2592173 • Letter: S
Question
s portaty compieted ertical analysis are poseed bNow 1Completo the werfical analyss by computng each ine tem asa peroantage of sotal asssts TIP hvortono, wwe , pe'oril of kdasi asserts, computed as tR33-$8.775) × 100 {Round your answers to the nearest whole percent Balance Sheet (summarized) March 31, 2013 Cash and Shot em ewesments$ 1,800 275 Payatlo cong-term) Total Liabiltlies 1.905 Common Slock 2 738 Property ar Eqipment, Not Retuined Lamings Total Stockhoders EQury Tutol Lebities & StoxtKaders' Equity Totad Assets 5,75 | 5,775 2-a. What percentses of Interactive As assedts relate to intantses vorsus property snd upment (Round your answers to ther srest whole percent. y and Eaupment Type here to search 5 8 9 o Caps LockExplanation / Answer
Solution:
Part 1 –
INTERACTIVE ARTS INC.
Balance Sheet (summarized)
March 31, 2013
(in millions of U.S. Dollars)
Cash and short term investments
$1,803
31
%
Accounts Payable
$128
2
%
Accounts Receivable, net
$275
5
%
Accrued Liabilities
$725
13
%
Inventories
$33
1
%
Notes Payable (long term)
$2,089
36
%
Other Current Assets
$771
13
%
Total Liabilities
$2,942
51
%
Intangibles
$1,955
34
%
Common Stock
$2,778
48
%
Property and Equipment, Net
$635
11
%
Retained Earnings
$55
1
%
Other Assets
$303
5
%
Total Stockholders' Equity
$2,833
49
%
Total Assets
$5,775
100
%
Total Liabilities and Stockholders' Equity
$5,775
100
%
Part 2(a) –
Total Assets = Intangibles + Property and Equipment Net = 1955 + 635 = $2,590
Percentage
Intangibles (1955 / 2590 x 100)
75
%
Property and Equipment (635 / 2590 x 100)
25
%
Part 2(b) – Intangibles Asset is more significant to Interactive Arts Business.
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INTERACTIVE ARTS INC.
Balance Sheet (summarized)
March 31, 2013
(in millions of U.S. Dollars)
Cash and short term investments
$1,803
31
%
Accounts Payable
$128
2
%
Accounts Receivable, net
$275
5
%
Accrued Liabilities
$725
13
%
Inventories
$33
1
%
Notes Payable (long term)
$2,089
36
%
Other Current Assets
$771
13
%
Total Liabilities
$2,942
51
%
Intangibles
$1,955
34
%
Common Stock
$2,778
48
%
Property and Equipment, Net
$635
11
%
Retained Earnings
$55
1
%
Other Assets
$303
5
%
Total Stockholders' Equity
$2,833
49
%
Total Assets
$5,775
100
%
Total Liabilities and Stockholders' Equity
$5,775
100
%
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