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 Req3 Complete the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole percent.) $ $ 409 Cash Accounts Receivable Inventory Other Current Assets Property and Equipment Other Assets Total Assets 27 % 33 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 Retained Earnings 29 Total Stockholders' Equity 100 % Total Liabilities & Stockholders' Equity 433 294 206 109 27 495 904 118 492 2 32 6101 445 1,514 $ $ 1,514 100 % What percentage of Simultech's total assets relate to inventory? (Round your answer to the nearest whole percent.) Inventory ola What percentage of Simultech's total assets relate to property and equipment? (Round your answer to the nearest whole percent.) Property and Equipment 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