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 28 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 $ 638 Accounts Receivable 329 Inventory 241 33 % Current Liabilities 17 % Long-Term Liabilities 12% Total Liabilities S -599 31 % 685 35 % 1,284 % Other Current Assets 214 Property and Equipment 34 % Common Stock 2 % Retained Earnings 125 % 527 27 % Other Assets 480 25 % Total Stockholders' Equity 652 Total Assets $ 1,936 100 % Total Liabilities & Stockholders' Equity $ 1,936 100 % Check my work