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 Sales Revenues $ 100 % $ 100% 2,090 1,697 285 2,170 1,661 Cost of Goods Sold 81 286 13 51 2 14 1 Selling, General, and Administrative Expenses Other Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense 20 32 1 37 2 177 5 0 46 2 Net Income $ 32 % $ 131 % 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 Simultech's net profit margin increased, or decreased, over the two years? Increased Decreased