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 line item (a)-(d) as a percentage of total assets. Round to the nearest whole percentage.
2. What percentages of Simultech's assets relate to inventories versus property and equipment?
What does this tell you about the relative significance of these two assets to Simultech's business?
3. What percentage of Simultech's assets is financed by total stockholder's equity? By total liabilities?

SIMULTECH CORPORATION Balance Sheet (summarized) January 31, 2013 (in millions of U.S. dollars) Cash and Short-term Investments Accounts Receivable Inventories Other Current Assets Property and Equipment Other Assets Total Assets $ 433 294 206 109 27 445 $1,514 29% 19 14 al $ 409 495 904 118 Current Liabilities 27% Long-term Liabilities Total Liabilities Contributed Capital Retained Earnings 32 29 100% Total Stockholders' Equity Total Liabilities & Stockholders' Equity 610 $1,514 100%