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 $ 2,080 100 % $ 2,300 100% Cost of Goods Sold 1.607 771,751 Selling, General, and Administrative 365 Expenses 376 Other Operating Expenses 59 3 1 1 5 Interest Expense 28 Income before income taxes 21 1 Income Tax Expense 60311 Net Income $ 15 % $ 104 % 23 135 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? Better Worse 3. Has Simultech's net profit margin has increased, or decreased over the two years? Increased Decreased