A condensed balance sheet for Northeast Airlines and a partially completed vertical analysis are presented below.

a) Complete the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole percent.)

b) What percentage of Northeasts assets relate to inventory of parts and supplies? (Round your answer to the nearest whole percent.)

c) What percentage of Northeasts assets relate to property and equipment? (Round your answer to the nearest whole percent.)

d) Which of these two asset groups is more significant to Northeasts business: Inventory of Parts and Supplies OR Property and Equipment?

e) What percentage of Northeasts assets is financed by total stockholders equity? By total liabilities? (Round your answers to the nearest whole percent.)

Cash Short-Term Investments Accounts Receivable Inventory of Parts and Supplies Other Current Assets Property and Equipment, Net Other Assets Total Assets NORTHEAST AIRLINES Balance Sheet (summarized) December 31, 2019 (in millions of U.S. dollars) $ 1,864 % Current Liabilities 1,840 7 % Long-Term Liabilities 424 % Total Liabilities 532 2 % Common Stock 315 1% Retained Earnings 18,310 % Treasury Stock 1,695 7 % Total Stockholders' Equity $ 24,980 100 % Total Liabilities & Stockholders' Equity $ 7,010 28 % 8,236 33 % 15,246 61 % 2,219 9 % 15,972 64 % (8,457) (34) % 9,734 39 % $ 24,980 100 %