Chapter 13-Homework 4 PA13-3 Vertical Analysis of a Balance Sheet [LO 13-3, LO 13-5) A condensed balance sheet for Simuitech Corporation and a partialy completed vertical analysis are presented below Requlred: 24 points 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 Simutech's total assets reiate to property and equipment? 2-c. Which of these two asset groups is more significant to Simultech's business? eflook 3. What percentage of Simutech's assets is financed by total stockholders equity? By total labities? Complete this question by entering your answers in the tabs below efeneces Req 2A Req 28 Req 1 Req 2CReg 3 Complete the vertical analysis by computing each missing line iterm as a percentage of total assets.(Round your answers to the nearest whole percent.) Balance Sheet (summarized) January 31 (in 553 314 226 169 31 465 S 1,758 31| %|Current Liatties 8 Long term Lablities $ 519 301% 34 Accounts Receivable inventory Oher Current Assets Property and Equipment Other Assets Total Assets 605 1.124 122 512 634 13 Total Liabilties Common Stock 2 Retaned Eamings 26Total Stockholders' Equity 29 |%|total Liabates & Stockholders' Equity Is 1.758| 100 Req 2A