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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, 2-0. 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? $ $ 32% 908 289 201 SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) 42% Current Liabilities 14% Long-Term Liabilities 91% Total Liabilities % Common Stock 1 % Retained Earnings 21% Total Stockholders' Equity 100 % Total Liabilities & Stockholders Equity 694 780 Cash Accounts Receivable Inventory Other Current Assets Property and Equipment Other Assets Total Assets 36% 1.474 117 % 26% 274 26 440 2,138 RRRR 547 664 2,138 $ $ 1009