A condensed balance sheet for Southwest Airlines 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 percentages of Southwest's assets relate to inventory of parts and supplies? 2-b. What percentage Southwest's assets relate to property and equipment? 2-c. Which of these two asset groups is more significant to Southwest's business? 3. What percentage of Southwest'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 2B Req 20 Req 3 Complete the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole percent.) SOUTHWEST AIRLINES Balance Sheet (summarized) December 31, 2016 (in millions of U.S. dollars) $ 1,680 % Current Liabilities 546 2 Long-Term Liabilities 337 2 Total Liabilities 1,935 025 Common Stock 17,044 Retained Earnings 1,744 Total Stockholders' Equity $ 23,286 100 % Total Liabilities & Stockholders' Equity 1 Cash Accounts Receivable Inventory of Parts and Supplies Other Current Assets Property and Equipment, Net Other Assets Total Assets 30 $ 6,844 8,001 14,845 2,218 6,223 8,441 $ 23,286 30 % 34 64 9 27 36 100 % A condensed balance sheet for Southwest Airlines 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 percentages of Southwest's assets relate to inventory of parts and supplies? 2-b. What percentage Southwest's assets relate to property and equipment? 2-c. Which of these two asset groups is more significant to Southwest's business? 3. What percentage of Southwest'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 2B Req 20 Req 3 Req 2A ------------ What percentages of Southwest's assets relate to inventory of parts and supplies? (Round your answer to the nearest whole percent.) Inventory of Parts and Supplies % A condensed balance sheet for Southwest Airlines 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 percentages of Southwest's assets relate to inventory of parts and supplies? 2-b. What percentage Southwest's assets relate to property and equipment? 2-c. Which of these two asset groups is more significant to Southwest's business? 3. What percentage of Southwests 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 2B Req 2c Req3 What percentage Southwest's assets relate to property and equipment? (Round your answer to the nearest whole percent.) Property and Equipment % A condensed balance sheet for Southwest Airlines 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 percentages of Southwest's assets relate to inventory of parts and supplies? 2-b. What percentage Southwest's assets relate to property and equipment? 2-c. Which of these two asset groups is more significant to Southwest's business? 3. What percentage of Southwest'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 2B Reg 2B Req 2c Reg 2C Req 3 Reg 3 Which of these two asset groups is more significant to Southwest's business? 10 Inventory of Parts and Supplies Property and Equipment A condensed balance sheet for Southwest Airlines 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 percentages of Southwest's assets relate to inventory of parts and supplies? 2-b. What percentage Southwest's assets relate to property and equipment? 2-c. Which of these two asset groups is more significant to Southwest's business? 3. What percentage of Southwest'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 2B Req 20 Req 3 What percentage of Southwest's assets is financed by total stockholders' equity? By total liabilities? (Round your answers to the nearest whole percent.) Percentage Total Stockholder's Equity Total Liabilities