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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

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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 nearest whole percent.) SIMULTECH CORPORATION Income Statement (summarized) (in millions of U.S. dollars) Current Year Previous Year 1001% $ 2,095 1,657 313 57 26 42 100%| $ 2,190 1,701 326 17 28 118 30 Sales Revenues Cost of Goods Sold Selling, General, and Administrative Expenses Other Operating Expenses Interest Expense Income before income taxes Income Tax Expense Net Income 79 15 2 36

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