42 A condensed balance sheet for Simultech Corporation and a partially completed vertical analysis are presented below. Required: 1. Complete the vertical analysis by computing each missing line item as a percentage of total assets. 2-a. What percentage of Simultech's total assets relate to inventory? 2-b. What percentage of Simultech's total assets relate to property and equipment? 2-c. Which of these two asset groups is more significant to Simultech's business? 3. What percentage of Simultech's assets is financed by total stockholders' equity? By total liabilities? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2C Req 3 Complete the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole percent.) SIMULTECH CORPORATION Balance Sheet (summarized) January 31 Cash $ 908 Accounts Receivable 289 (in millions of U.S. dollars) 42 % Current Liabilities 14 % Long-Term Liabilities $ 694 32 % 780 36% Inventory 201 9 % Total Liabilities 1,474 % Other Current Assets 274 % Common Stock 117 % Property and Equipment 26 1% Retained Earnings 547 26 % Other Assets 440 21 % Total Stockholders' Equity 664 % Total Assets $ 2,138 100 % Total Liabilities & Stockholders' Equity 2,138 100% < Req 1 Req 2A > Ch