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.) $ $ Cash and Short-Term Investments Accounts Receivable Inventories Other Current Assets Property and Equipment Other Assets 34% 37 SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) 48 % Current Liabilities 11 Notes Payable (long-term) Total Liabilities Common Stock Retained Earnings Total Stockholders' Equity 100 % Total Liabilities & Stockholders' Equity 1,128 269 181 334 794 880 1,674| 113 567 680 2,354 24 420 18 Total Assets $ 2,354 | $ 100 % 2-a. What percentage of Simultech's total assets relate to inventories? (Round your answers to the nearest whole percent.) Inventory % 2-b. 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 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 liabilities? (Round your answers to the nearest whole percent.) Percentage Total Stockholder's Equity Total Liabilities