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 Reg 2A Reg 2B Reg 2C Reg 3 Complete the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole percei SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) 29 % Current Liabilities Cash $ 433 $ 409 27% Accounts Receivable 294 19 Long-term Liabilities 495 33 206 14 Total Liabilities 904 Inventory Other Current Assets 109 Common Stock 118 27 492 32 Property and Equipment Other Assets 445 2 Retained Earnings 29 Total Stockholders' Equity 100 % Total Liabilities & Stockholders' Equity 610 Total Assets $ 1,514 $ 1,514 100% Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Reg 20 Reg 3 What percentage of Simultech's total assets relate to inventory? (Round your answer to the nearest whole percent.) Inventory % Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2c Reg 3 What percentage of Simultech's total assets relate to property and equipment? (Round your answer to the nearest whole percent.) Property and Equipment % Complete this question by entering your answers in the tabs below. Req 1 Reg 2A Req 2B Reg 20 Reg 3 Which of these two asset groups is more significant to Simultech's business? Property and equipment is a much more significant asset than inventory O Inventory is a much more significant asset than property and equipment. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2c Reg 3 What percentage of Simultech's assets is financed by total stockholders' equity? By total liabilities? (Round your answers to the nearest whole percent.) Percentage % Total Stockholder's Equity Total Liabilities %