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.

What percentage of Simultechs total assets relate to inventories? (Round your answers to the nearest whole percent.) 2-b. What percentage of Simultechs total assets relate to property and equipment? (Round your answers to the nearest whole percent.) 2-c. Which of these two asset groups is more significant to Simultechs business?

	This indicates that property and equipment is a much more significant asset than inventory.
	This indicates that inventory is a much more significant asset than property and equipment.

3. What percentage of Simultechs assets is financed by total stockholder's equity? By total liabilities? (Round your answers to the nearest whole percent.)

save & ExitSubmit valoe 2.00 points balance sheet for Simultech Corporation and a partially completed vertical analysis are presented below tor Simutech Corporation and A condensed balance sheet for Simultech Corporation and a Required 1. Complete the vertical analysis by computing each missing line item as a percentage of total assets (Round your answers the nearest whole percent.) SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) 31 | % | Current Liabilities 301% 35 Cash and Short-Term Investments$ 568 319 231 184 32 470 $ 1,804| $ 539 625 1,164 123 517 640 1.804| 18 Notes Payable (long-term) 13 Accounts Receivable Inventories Other Current Assets Property and Equipment Other Assets Total Assets Total Liabilities Common Stock 29 2Retained Earnings 26Total Stockholders' Equity 100% | Total Liabilities & Stockholders' Equity $ 100|% 2-a. What percentage of Simultech's total assets relate to inventories? (Round your answers to the nearest whole percent.) 20 DDO FA F5 F6 F1 F2 F3