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.) 5 518 $ 480 Cash and Short-Term Investments Accounts Receivable Inventories Other Current Assets Property and Equipment Other Assets Total Assets SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) 3 1 % Current Liabilities 18 Notes Payable (long-term) 13 Total Liabilities Common Stock 2 Retained Earnings 27 Total Stockholders' Equity 100 Total Liabilities & Stockholders' Equity 1.064 121 507 828 802 5 1.602 1 00 % 2-a. What percentage of Simultech's total assets relate to inventores? (Round your answers to the nearest whole percent.) Inventory 2-b. What percentage of Simuitech's total assets relate to property and equipment? (Round your answers to the nearest whole percent.) Property and Eument 2-c. 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 stockholder's equity? By total abilities? (Round your answers to the nearest whole percent Percentage Total Stockholders Edit tal L abilities