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 $ 2,060 1,537 433 43 12 35 1001% Sales Revenues Cost of Goods Sold Selling, General, and Administrative Expenses Other Operating Expenses Interest Expense Income before income taxes Income Tax Expense Net Income 100 % | $ 2,455 1,821 446 15 16 157 24 $ 133 75 18 0 30 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