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-a. 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? Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Req 2B Reg 2c Reg 3 Complete the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole percent.) $ $ 694 32 % Cash Accounts Receivable Inventory Other Current Assets Property and Equipment Other Assets Total Assets 36 908 289 201 274 26 440 2,138 SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) 42 % Current Liabilities 14 Long-term Liabilities 9 Total Liabilities Common Stock 1 Retained Earnings 21 Total Stockholders' Equity 100 % Total Liabilities & Stockholders' Equity 780 1,474 117 547 26 664 $ 2,138 100 % Reg Req 2A > Req 1 Req 2A Req 2B Req 2c Req 3 What percentage of Simultech's total assets relate to inventory? (Round your answer to the nearest whole percent.) Inventory % Req 1 Req 2A Req 2B Req 2c Req 3 What percentage of Simultech's total assets relate to property and equipment? (Round your answer to the nearest whole percent.) Property and Equipment % Reg 1 Reg 2A Req 2B Req 2c Req3 Which of these two asset groups is more significant to Simultech's business? Property and equipment is a much more significant asset than inventory. O Inventory is a much more significant asset than property and equipment.