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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

A condensed income statement for Simultech Corporation and a partially completed vertical analysis are presented below.

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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) For the Years Ended January 31, 2013 January 31, 2012 100 % Sales Revenues Cost of Goods Sold Selling, General, and Administrative Expenses Other Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense Net Income $ 2,067 1,557 410 42 16 42 100% $ 2,500 1,801 426 13 18 242 30 212 75 17 0 34

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