A condensed income statement for Simultec Required 1. Complete the vertical analysis by h Corporation and a partially completed vertical analysis are presented below. computing each missing line item as a percentage of sales revenues. (Round your answers to the nearest whole percent.) SIMULTECH CORPORATION Income Statement (summarized) (in millions of U.S. dollars) Previous Year Current Year 100|%| $ 100% 2.225 .731 356 13 2,066 ,627 343 50 24 Sales Revenues Cost of Goods Sold Selling, General, and Administrative Expenses Other Operating Expenses 79 16 25 100 31 69 nterest Expense income before income taxes income Tax Expense Net Income 16