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.) points eBook Print 100% $ 79 SIMULTECH CORPORATION Income Statement (summarized) in millions of U.S. dollars) Current Year Sales Revenues $ 2,082 Cost of Goods Sold 1.837 Seling, General, and Administrative Expenses 333 Other Operating Expenses Interest Expense Income before income taxes 17 1 Income Tax Expense 8 Net Income $ 11 References 31 Previous Year 2.200 100 1,721 348 181 12 28 951 33 1 627 % 0 % $ 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