A condensed income statement for LaFeuille Incorporated 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. 2. Does LaFeuille'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? 3. Has LaFeuille's net profit margin increased, or decreased, over the two years? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete the vertical analysis by computing each missing line item as a percentage of sales revenues. (Round your answers to the nearest whole percent.) LAFEUILLE INCORPORATED Income Statement (summarized) Sales Revenues Cost of Goods Sold Selling, General, and Administrative Expenses Other Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense Net Income (in millions of U.S. dollars) $ Current Year 2,095 Previous Year 100 % $ 2,190 100 % 1,657 79% 1,701 % 313 % 326 15 % 57 3 % 17 1 % 26 % 28 1% 42 2 % 118 % 6 0% 30 1% $ 36 % $ 88 %