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 CORPORATIONIncome Statement (summarized)(in millions of U.S. dollars)Current YearPrevious YearSales Revenues

$

2,100100%

$

2,185100%Cost of Goods Sold1,667791,691Selling, General, and Administrative Expenses30531614Other Operating Expenses593111Interest Expense28291Income before Income Tax Expense412138Income Tax Expense50392Net Income

$

36%

$

99%