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 the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) 7 669 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 ne SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) Cash Accounts Receivable Inventory Other Current Assets Property and Equipment Other Assets Total Assets 703 344 256 259 37 495 34% Current Liabilities S 669 755 1,424 128 542 670 S 2.094 32% 16Long-term Liabilities 36 Total Liablities Common Stock 2Retained Earnings 24 Total Stockholders Equity 26 - $ 2094 100 %Total Liabilities & Stockholders Equity 15 2094 100 % Req 2A > Complete this question by entering your answers in the tabs below. 2A Req 2B Req 3 Req 1 Req 2C es entage of simultech s total,assets relate to inventony. fRound your answer.to.the neares Inventory eBook Req 1 Req 2A Req 2B Req 2C Req 3 Print Which of these two asset groups is more significant to Simultech's business? References OProperty and equipment is a much more significant asset than inventory OInventory is a much more significant asset than property and equipment K Req 2B Req 3 > What percentage of Simultechsassetsis financed by tota stockholder's equity? By total liabilities? the nearest whole percent. Print References Percentage Total Stockholder's Equity Total Liabilities Req 2C