PA13-3 (Static) Vertical Analysis of a Balance Sheet [LO 13-3, LO 13-5] 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 Simultech's total assets relate to inventory? 2-b. What percentage of Simultech's total assets relate to property and equipment? 2-c. Which of these two asset groups is more significant to Simultech's business? 3. What percentage of Simultech'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 20 Reg 3 Complete the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the ne $ $ Cash Accounts Receivable 433 294 SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) 29 % Current Liabilities 19 % Long-Term Liabilities 14 % Total Liabilities % Common Stock 2% Retained Earnings 29 % Total Stockholders' Equity 100 % Total Liabilities & Stockholders' Equity 409 495 27 % 33% 206 904 % % la se e 118 109 32% Inventory Other Current Assets Property and Equipment Other Assets Total Assets 27 445 492 610 1,514 % 100 % ele $ $ 1,514 Req 1 Req 2A Req 2B Req 2c Req 3 What percentage of Simultech's total assets relate to inventory? (Round Inventory % Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2c Reg 3 What percentage of Simultech's total assets relate to property and equipment? (Round your answer to the ne percent.) Property and Equipment % Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Req 2B Req 2C Req 3 Which of these two asset groups is more significant to Simultech's business? Property and equipment is a much more significant asset than inventory Inventory is a much more significant asset than property and equipment. Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Reg 2B Reg 2C Reg 3 What percentage of Simultech's assets is financed by total stockholders' equity? By total liabilities? (Round your answers to the nearest whole percent.) Percentage % Total Stockholders' Equity Total Liabilities %