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 S 2.075 100% S 2.250 1,741 366 14 24 Sales Revenues 1001% Cost of Goods Sold 1,617 78 Selling, General, and Administrative Expenses353 16 Other Operating Expenses Interest Expense Income before income taxes income Tax Expense Net Income 57 26 22105 34 2 14 96 s 71 6 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 e Worse 3. Has Simultech's net profit margin has increased or degreased, over the two years? O Increased Decreased