Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a condensed balance sheet for simultech corporatio

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

70.2K

Verified Solution

Question

Accounting

image

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,%
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Suppose your firm is considering investing in Project W with the cash flows shown in the...

Finance
Q

Consider a surface that has N sites each of which can adsorb one gas molecule. suppose...

Mechanical Engineering
Q

Selling Price        Living Area (Sq Feet)       No. Bathrooms No Bedrooms    Age (Years) $240,000              2,022     2.5          3              20 $235,000              1,578     2              3              20 $500,075              3,400     3              3              20 $240,000              1,744     2.5          3              20 $270,000              2,560     2.5          3              20 $225,000              1,398     2.5          3              20 $280,000              2,494     2.5          3              20 $225,000              2,208     2.5          4              20 $248,220              2,550     2.5          3              20 $275,000              1,812     2.5          2              20 $137,000              1,290     1              2              20 $150,000              1,172     2              2              20 $649,000              4,128     3.5          3              20 $195,000              1,816     2.5          3              97 $373,200              2,628     2.5          4              20 $169,450              1,254     2.5          3              20 $144,200              1,660     1.5          4              20 $189,900              1,850     1.5          3              20 $166,000              1,258     2              3              20 $160,000              1,219     2              3              20 $327,355              1,850     2.5          3              20 $247,000              2,103     2.5          3              20 $318,000              1,806     2.5          3              20 $341,000              1,674     1.5          2              17 $288,650              2,242     2.5          3              20 $157,000              1,408     1.5          3              20 $449,000              3,457     2.5          3              21 $142,000              1,728     1.5          3              21 $389,000              2,354     2.5          3              21 $476,000              2,246     2.5          3              21 $249,230              1,902     2.5          2              21 $139,900              1,178     1              3              21 $301,900              2,896     3.5          4              21 $425,000              2,457     3              3              41 $121,000              936         1              3              50 $150,000              934         1              2              21 $138,000              1,279     1              3              21 $199,900              1,888     2              3              26 $145,000              1,686     1.5          4              21 $465,000              2,310     3              2              21 $158,000              1,200     1.5          3              21             Develop a multiple linear regression model...

Basic Math
Q

If f x 5x and g x x 1 find f g x OA 5x...

Geometry
Q

An FDA representative randomly selects 8 packages of ground chuck fat contents have an approximately...

Statistics
Q

the appropriate description horizonta paraboloid hyperbolic paraboloid cone hyperboloid of one sh Note Make sure...

Calculus
Q

Find the vertex focus and directrix of the parabola and sketch its graph Use a...

Calculus
Q

11 f x log x 2 3 6 Too 19 194 6 4 2 8...

Algebra
Q

QUESTION 9 Market-based pricing: A. Uses a...

Accounting
Q

The standard direct labor cost per unit for a company was $30 $20...

Accounting
Q

please answer all parts of the problem using the format in the pictures below. Thank...

Accounting
Q

Linkoln company inventory BUS 511 CASE 2 CPA BEC S3 A production supervisor for Linkoln...

Accounting