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) For the Years Ended January 31, 2017 January 31, 2016 Sales revenues $ 3,381 100 % $ 3,631 100 % Cost of goods sold 2,850 3,000 Selling, General, and Administrative expenses 250 300 Other operating expenses 2 % 20 Interest expense 16 Income before income tax expense 6% 295 Income tax expense 99 Net income $ 126 % $ 196 69 2 Does Simultech's Cost of Goods Sold for the year ended January 31, 2017, as a percentage of revenues, represent better or worse performance as compared to that for the year ended January 31, 2016? Better Worse 3. Do the percentages that you calculated for net income indicate whether Simultech's net profit margin has increased or decreased over the two years? Decreased