A condensed balance sheet for Simultech Corporation and a partially completed vertical analysis are presented below. Required:

Question:

A condensed balance sheet for Simultech Corporation and a partially completed vertical analysis are presented below.

Cash Accounts Receivable Inventory Other Current Assets Property and Equipment Other Assets Total Assets $

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 inventory versus property and equipment? Which of these two asset groups is more significant to Simultech’s business?
3. What percentage of Simultech’s assets is financed by total stockholder’s equity? By total liabilities?

Fantastic news! We've Found the answer you've been seeking!