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 Simultechs total assets relate to inventory? 2-b. What percentage of Simultechs total assets relate to property and equipment? 2-c. Which of these two asset groups is more significant to Simultechs business? 3. What percentage of Simultechs 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 percent.)

SIMULTECH CORPORATION
Balance Sheet (summarized)
January 31
(in millions of U.S. dollars)
Cash	$553	31	%	Current Liabilities	$519	30	%
Accounts Receivable	314	18		Long-term Liabilities	605	34
Inventory	226	13		Total Liabilities	1,124
Other Current Assets	169			Common Stock	122
Property and Equipment	31	2		Retained Earnings	512	29
Other Assets	465	26		Total Stockholders Equity	634
Total Assets	$1,758	100	%	Total Liabilities & Stockholders Equity	$1,758	100	%