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 Round your answers to the nearest whole percent.) ULTECH COF Balance Sheet (summarized) 21 dol 53 | % | Current Liabilities 35 | 96 Cash and Short-Term Investments Accounts Receivable Inventories Other Current Assets Property and Equipment Other Assets Total Assets 1,388 240 161 394 18 400 $2,0101 S914 1.000 1,914 109 587 698 0 Notes Payable (long-term) Total Liabilities 38 Common Stock 1Retained Earnings J-I 15 Total Stockholders' Equity 100 % Total Liabilities & Stockholders' Equity 5 2010 100 % 2-a. What percentage of Simultech's total assets relate to inventories? (Round your answers to the nearest whole percent.) ventory 2-b. What percentage of Simultech's total assets relate to property and equipment? (Round your answers to the nearest whole percent.) roperty and Equipment what percentage of Simultech's total assets relate to inventories? (Round your answers to the nearest whole percent) 2-a. 2-b. What percentage of Simuitech's total assets relate to property and equipment? (Round your answers to the nearest whole percent.) and Equi 2-o. Which of these two asset groups is more significant to Simultech's business? O This indicates that inventory is a much more significant asset than property and equipment This indicates that property and equipment is a much more significant asset than inventory 3. What percentage of Simultech's assets is financed by total stockholders equity? By total! liabilties? Round your answers to the nearest whole percent.) Percentage Total Stockholder's Equity Total Liabilities