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.) SIMULTECH CORPORATION $ 553 Cash and Short-Term Investments Accounts Receivable Inventories Balance Sheet (summa ) January 11 in millions of US dollars) 31 Current Liabilities 18 Notes Payable (long-term) 13 Total Liabilities Common Stock Retained Earnings Total Stockholders' Equity 100 % Total Liabilities & Stockholders' Equity 228 605 1,124 100 Other Current Assets Property and Equipment Other Assets Total Assets 122 512 405 1,758 034 5 1,758 2. What percentage of Simtech's total assets relate to inventories? (Round your answers to the nearest whole percent) Inventory 2b. What percentage of Simtech's total assets relate to property and equipment? (Round your answers to the nearest whole percent) Property and Equment 2-a. What percentage of Simultech's total assets relate to inventories? (Round your answers to the nearest whole percent.) Inventory 2-5. What percentage of Simultech's total assets relate to property and equipment? (Round your answers to the nearest whole percent.) Property and Equipment 2-c. Which of these two asset groups is more significant to Simultech's 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 Simultech's assets is financed by total stockholder's equity? By total liabilities? (Round your answers to the nearest whole percent) Percentage Total Stockholder's Equity Total Liabilities