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 the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole per SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) Cash $ 1,388 53 % Current Liabilities $ 914 35 % Accounts Receivable 249 10 % Long-Term Liabilities 1,000 38 % Inventory 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 % What percentage of Simultech's total assets relate to inventory? (Round your answer to the nearest whole percent.) Inventory % What percentage of Simultech's total assets relate to property and equipment? (Round your answer to the nearest whole percent.) Property and Equipment What percentage of Simultech's assets is financed by total stockholders' equity? By total liabilities? (Round your answers to the nearest whole percent.) Percentage Total Stockholders' Equity % Total Liabilities % 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 the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole per SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) Cash $ 1,388 53 % Current Liabilities $ 914 35 % Accounts Receivable 249 10 % Long-Term Liabilities 1,000 38 % Inventory 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 % What percentage of Simultech's total assets relate to inventory? (Round your answer to the nearest whole percent.) Inventory % What percentage of Simultech's total assets relate to property and equipment? (Round your answer to the nearest whole percent.) Property and Equipment What percentage of Simultech's assets is financed by total stockholders' equity? By total liabilities? (Round your answers to the nearest whole percent.) Percentage Total Stockholders' Equity % Total Liabilities % 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 the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole per SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) Cash $ 1,388 53 % Current Liabilities $ 914 35 % Accounts Receivable 249 10 % Long-Term Liabilities 1,000 38 % Inventory 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 % What percentage of Simultech's total assets relate to inventory? (Round your answer to the nearest whole percent.) Inventory % What percentage of Simultech's total assets relate to property and equipment? (Round your answer to the nearest whole percent.) Property and Equipment What percentage of Simultech's assets is financed by total stockholders' equity? By total liabilities? (Round your answers to the nearest whole percent.) Percentage Total Stockholders' Equity % Total Liabilities %