A condensed balance sheet for Simultech Corporation and a pa Required: 1. Complete the vertical analysis by computing each missing lin SIMULTECH ; Balance Sheet Janua in millions of 31 | % | Cut 18Not Cash and Short-Term Investments $ 518 Accounts Receivable Inventories Other Current Assets Property and Equipment Other Assets Total Assets 309 221 154 30 460 1,692: 13 Cor 2Ret 27 100 % | Tota Type here to search and a partially completed vertical analysis are presented below. nising ine tem as a percentage of tolal assets (Round your answers to LTECH CORPORATION nce Sheet (summarized) January 31 millions of U.S. dollars) 31 % | Current Liabilities 18 Notes Payable (long-term) 13 $ 489 29 % 575 1,064 121 507 628 1692 | 34 Total Liabilities Common Stock 2 Retained Earnings 27Total Stockholders' Equity 100% Total Liabilities & Stockholders' Equity 30 $ 100)% | entral CollegOrade | PeopleSoft E 2-a. What percentage of Simultech's total assets relate to Inventory 2-b. What percentage of Simultech's total assets relate t Property and Equipment 2-c. Which of these two asset groups is more significant total assets relate to inventories? (Round your answers to the total assets relate to property and equjpment? (Round your an significant to Simultech's business? 2-c. Which of these two asset groups is more significant to S O This indicates that inventory is a much more significant asse O This indicates that property and equipment is a much more s 3. What percentage of Simultech's assets is financed by total Percentage Total Stockholder's Equity Total Liabilities eBook & Resources References Worksheet he comparative financial statements prepared at December 31 for Pinn Current Yea Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) Net Income Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets $115,000 54,000 61,000 37,000 4,100 19,900 5,970 $13,930 $ 70,805 18,000 26,000 96,000 $210,805 $ 43,000 1,025 41,000 85,025 90,600 35,180 $210,805 Accounts Payable ncome Tax Payable Note Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders' Equity 1-a. Compute the gross profit percentage in the current and p Gross Pront Percentage Current Year Previous Year 1-b. Are the current year results better, or worse, than those f O Better O Worse 2-a. Compute the net profit margin for the current and previous Net Profit Margin Current Year Previous Year 2-b. Are the current year results better, or worse, than those O Better O Worse 3-a. Compute the earnings per share for the current and pre Earnings per Share Current Year Previous Year 3-b. Are the current year results better, or worse, than those O Better O Wors 4-a. Stockholders equity totaled $101.000 at the beginning n equity (ROE) ratios for the current and previous years. (Round your e fixed asset turnover ratios for the current and previous years (Round your 1012 AM
