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 $ 2,075 100% Cost of Goods Sold 1,617 78 Selling, General, and Administrative Expenses 353 Other Operating Expenses 57 3 Interest Expense 26 Income before income taxes 22 1 Income Tax Expense 8 0 Net Income $ 14 % Previous Year 2,250 100 % 1,741 366 16 14 1 24 1 105 34 2 71 % $ 2. Does Simultech's Cost of Goods sold for the current year as a porcentage of revenues, represent better or worse performance as compared to that for the previous year? O Better Worse 3. Has Simultech's net profit margin has increased, or decreased, over the two years