A Condensed Balance Sheet for Morningstar,Inc.is Presented Below

A condensed balance sheet for Morningstar,Inc.is presented below:
Morningstar,Inc.
Balance Sheet
December 31(amounts in millions)
Current Assets Current Liabilities
Cash & Cash Equivalents $5,000 Accounts Payable $ 310
Accounts Receivable 510 Accrued Liabilities 1,950
Inventories 450 Total Current Liabilities 2,260
Total Current Assets 5,960 Long-Term Liabilities 900
Property & Equipment,Net 2,400 Total Liabilities 3,160
Long-Term Investments 2,200 Total Stockholders' Equity 7,400
Total Assets $10,560 Total Liabilities & Stockholders' Equity $10,560
Required:
Part a.Prepare a vertical analysis of the balance sheet above.Round to the nearest whole percent.
Part b.Interpret your analysis.Identify significant items.Comment on key relationships.