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 p SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) Cash $ 1,018 45 % Current Liabilities $ 744 33 % Accounts Receivable Inventory 279 12 Long-term Liabilities 830 37 191 9 Total Liabilities 1,574 Other Current Assets 304 Common Stock 115 Property and Equipment 24 1 Retained Earnings 557 25 Other Assets 430 19 Total Stockholders' Equity 672 Total Assets $ 2,246 100 % Total Liabilities & Stockholders' Equity $ 2,246 100% < Req 1 Req 2A >