1. Complete the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole percent.)

2-a. What percentages of Northeasts assets relate to inventory of parts and supplies? (Round your answer to the nearest whole percent.)

2-b. What percentage Northeasts assets relate to property and equipment? (Round your answer to the nearest whole percent.)

2-c. Which of these two asset groups is more significant to Northeasts business?

3. What percentage of Northeasts assets is financed by total stockholders equity? By total liabilities? (Round your answer to the nearest whole percent.)

PB13-3 Vertical Analysis of a Balance Sheet [LO 13-3, LO 13-5] A condensed balance sheet for Northeast Airlines 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. Round your answers to the nearest whole percent.) NORTHEAST AIRLINES Balance Sheet (summarized) December 31, 2013 (in millions of U.S. dollars) Cash Accounts Receivable Inventory of Parts and Supplies Other Current Assets Property and Equipment, Net Other Assets Total Assets $ $ 6,090| 22% 7,528| 379 950 27%| Current Liabilities 1Long-Term Liabilities 10,563 16,653 59 Total Liabilities 897 10,481 37 11,378 4 4.081 5 Common Stock 13,465 Retained Earnings 1.6286 $ 28,031 100% | Total Liabilities & Stockholders' Equity Total Stockholders' Equity | $ 28,031 100%