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.) SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) 53 % Current Liabilities 35 % Accounts Receivable Inventories Other Current Assets Property and Equipment Other Assets Total Assets Cash and Short-Term Investments$ 1,388 249 161 394 18 400 $ 2,610 $ 914 1,000 1,914 109 587 696 $ 2,610 10 Notes Payable (long-term) 38 Total Liabilities Common Stock 1Retained Earnings Total Stockholders' Equity 100% | Total Liabilities & Stockholders' Equity 15 100 % 2-a. What percentage of Simultech's total assets relate to inventories? (Round your answers to the nearest whole percent.) nventory 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? O This indicates that inventory is a much more significant asset than property and equipment. This indicates that property and equipment is a much more significant asset than inventory. 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