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. (Round your answers to the nearest whole percent.) $ 425 238 Cash and Short-term investments Accounts receivable Inventories Other current assets Property and Equipment Other assets Total assets SIMULTECH CORPORATION Balance Sheet (summarized) January 31, 2017 (in millions) 25 % Current liabilities 14% Long-term liabilities 15 % Total liabilities 201% Contributed capital 2% Retained earnings 24% Total shareholders' equity 100 % Total liabilities & Shareholders' equity 255 340 34 $ 510 510 1,020 255 425 680 $ 1,700 30 % 30% 60% 15% 25 % 40% 100% 408 $ 1,700 2-a. What percentage of Simultech's total assets relate to inventories? Inventory so 2-b. What percentage of Simultech's total assets relate to property and equipment? Property and equipment 2-c. What does this tell you about the relative significance of these two assets to Simultech's business? This indicates that property and equipment is a much more significant asset than inventory. This indicates that inventory is a much more significant asset than property and equipment. 2-c. What does this tell you about the relative significance of these two assets to Simultech's business? This indicates that property and equipment is a much more significant asset than inventory. This indicates that inventory is a much more significant asset than property and equipment. 3. What percentage of Simultech's assets is financed by total Shareholder's equity? By total liabilities? Percentage % Total Shareholder's equity Total Liabilities