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

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Accounting

A condensed balance sheet for Simultech Corporation and a partially completed vertical analysis are presented below.
Required:
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?
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.
Req 2B
Req 2C
Complete the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole percent.)
\table[[SIMULTECH CORPORATION],[Balance Sheet (summarized)],[January 31],[(in millions of U.S. dollars)],[Cash,$,433,29,%,Current Liabilities,$,409,27,%
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