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.) SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) 31 | % | Current Liabilities 30 1% Cash and Short-Term Investments$553 Accounts Receivable Inventories Other Current Assets Property and Equipment Other Assets Total Assets 314 226 169 31 465 $ 1,758 $ 519 605 1,124 122 512 634 $ 1,758 18 Notes Payable (long-term) 13 34 Total Liabilities Common Stock 2Retained Earnings 26 29 Total Stockholders' Equity 100 % Total Liabilities & Stockholders' Equity 1001% 2-a. What percentage of Simultech's total assets relate to inventories? (Round your answers to the nearest whole percent.) Invento 2-b. What percentage of Simultech's total assets relate to property and equipment? (Round your answers to the nearest whole percent.) Property and Equipment 2-c. Which of these two asset groups is more significant to Simultech's business? O This indicates that inventory is a much more significant asset than property and equipment. O This indicates that property and equipment is a much more significant asset than inventory 3. 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