PA13-3 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 Req 2C Req 3 Complete the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the near SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) S 889 975 1,864 110 582 692 $ 2,556 35% Cash Accounts Receivable Inventory Other Current Assets Property and Equipment Other Assets Total Assets $1,333 254 166 379 19 405 $2,556 52% Current Liabilities 10 Long-term Liabilities 38 Total Liabilities Common Stock 23 1Retained Earnings 16 Total Stockholders' Equity 100 | % | Total Liabilities & Stockholders' Equity 1001% Req 1 Req 2A >