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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 Sales Revenues $ 2.110 100 5 Cast of Goods Solt 1477 79 Sang, Geneland Amstrutive Expenses 285 Other Opening Expenses 65 3 Interest Experie 20 Income before Income Tax Expert 03 3 Income Tax pense 8 0 Net inte 5 56 INS Previous Year 2.100 100 1531 300 14 12 1 30 1 151 40 111 63 3 Income before income Tax Expense incom Taxe 0 151 40 111 2 $ 55 2. Doms Simultech Cost of Goods sold for the current year as a percentage of revenues represent botter or worto performance compared to that for the previous year Other o Wone 2. Hos Simultes et profit margin increased or decreased over the two years? Deco

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