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 (summarired) in millions) For the Years Ended January 31, 2017 January 31, 2015 Sales revenues $ 2,087 100 % 52.337 100% Cost of goods sold 1,250 50% 1,400 % Selling. General, and Administrative expenses 335 % 349 15% Other operating expenses 56 31% 17 11% Interest expense 22 % 20 11% Income before income tax expense 424 20 % 551 X Income tax expense 148 7 % 194 8% Net income 5 276 % $ 357 es 2. Does Simultech's Cost of Goods Sold for the year ended January 31, 2017, as a percentage of revenues, represent better or worse performance as compared to that for the year ended January 31, 2016? O Better O Worse 3. Do the percentages that you calculated for net income indicate whether Simultech's net profit margin has increased or decreased over the two years? O Decreased Increased