5 PA13-4 Vertical Analysis of an Income Statement [LO 13-3, LO 13-5) A condensed income statement 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 sales revenues. (Round your answers to the 24 points nearest whole percent.) Income Statement (summarized) (in millions of U.S. dollars) Current Year Year S 2,113 1,687 283 63 32 48 100 80 2,175 1,671 296 13 Sales Revenues Cost of Goods Sold Selling, General, and Adminis trative Expenses Other Operaling Expenses Interest Expense Income before income taxes Income Tax Expense Net Income 1001% Referances 14 164 45 %|$ 119 42 2 Does Simultech's Cost of Goods sold for the current year as a percentage of revenues, represent better or worse performance as compared to that for the previous year? O Better O Worse 3. Has Simuitech's net profit margin has increased, or decreased, over the two years