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 ences 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 311 (in millions of U.S. dollars) 33 % Current Liabilities 17 % Long-Term Liabilities Cash $ 653 619 31 % Accounts Receivable 334 705 36 % Inventory 246 12 % Total Liabilities 1.324 % Other Current Assets 229 % Common Stock 126 Property and Equipment 35 2 % Retained Earnings 532 27 % Other Assets 485 24 % Total Stockholders' Equity 658 % Total Assets S 1,982 100 % Total Liabilities & Stockholders' Equity $ 1,982 100 % Reg 1 Req 2A >