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.)

2-a. What percentage of Simultechs total assets relate to inventories? (Round your answers to the nearest whole percent.)

2-b. What percentage of Simultechs total assets relate to property and equipment? (Round your answers to the nearest whole percent.)

2-c. Which of these two asset groups is more significant to Simultechs 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 Simultechs assets is financed by total stockholder's equity? By total liabilities? (Round your answers to the nearest whole percent.)

3. What percentage of Simultech's assets is financed by total stockholder's equity? By total liabilities? (Round your answers to the nearest whole percent.) Percentage Total Stockholder's Equity % Total Liabilities 2-a. What percentage of Simultech's total assets relate to inventories? (Round your answers to the nearest whole percent.) Inventory 2-b. What percentage of Simultech's total assets relate to property and equipment? (Round your answers to the nearest whole percent.) Property and Equipment 2-c. Which of these two asset groups is more significant to Simultech's business? This indicates that property and equipment is a much more significant asset than inventory. This indicates that inventory is aa much more significant asset than property and equipment