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A condensed income statement for Simultech Corporation and a partially completed vertical analysis are presented below. points Required: 1. Complete the vertical analysis by computing

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A condensed income statement for Simultech Corporation and a partially completed vertical analysis are presented below. points 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.) 2,165 S MULTECH CORPORATION Income Statement(summarized) in millions of U.S. dollars) Current Year Sales Revenues 2010 100% Cost of Goods Sold Selling General and Administrative Expenses Other Operating Expenses 4921 Interest Expense 18 Income before income taxes 53 3 Income Tax Expense 80 Net Income 45S 1.707 288 160

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