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. 2-a. What percentage of Simultech's total assets relate to inventory? 2-b. What percentage of Simultech's total assets relate to property and equipment? 2-c. Which of these two asset groups is more significant to Simultech's business? 3. What percentage of Simultech's assets is financed by total stockholders' equity? By total liabilities? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2C Req 3 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 Balance Sheet (summarized) January 31 (in millions of U.S. dollars) Cash $ 1,388 53 % Current Liabilities $ 914 35% Accounts Receivable Inventory 249 10 % Long-Term Liabilities 1,000 38 % 161 6 % Total Liabilities 1,914 % Other Current Assets 394 % Common Stock 109 % Property and Equipment 18 1 % Retained Earnings 587 22 % Other Assets 400 15 % Total Stockholders' Equity 696 % Total Assets $ 2,610 100 % Total Liabilities & Stockholders' Equity $ 2,610 100 % < Req 1 Req 2A > Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2C Req 3 What percentage of Simultech's total assets relate to inventory? (Round your answer to the nearest whole percent.) Inventory % < Req 1 Req 2B > Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2C Req 3 What percentage of Simultech's total assets relate to property and equipment? (Round your answer to the nearest whole percent.) Property and Equipment % < Req 2A Req 2C > Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2C Req 3 Which of these two asset groups is more significant to Simultech's business? Property and equipment is a much more significant asset than inventory. Inventory is a much more significant asset than property and equipment. < Req 2B Req 3 > Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2C Req 3 What percentage of Simultech's assets is financed by total stockholders' equity? By total liabilities? (Round your answers to the nearest whole percent.) Total Stockholders' Equity Total Liabilities Percentage % % < Req 2C Req 3 >