Thank you!

A condensed income statement for Trident Shipping 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 2. Does Trident'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? 3. Has Trident's net profit margin increased, or decreased over the two years? Previous Year 100 % TRIDENT SHIPPING Income Statement (summarized) (in millions of U.S. dollars) Current Year Sales Revenues $ 2,075 Cost of Goods Sold 1,617 Selling, General, and Administrative Expenses 353 Other Operating Expenses 57 Interest Expense 26 Income before Income Tax Expense Income Tax Expense 8 Net Income 14 2,250 1,741 366 % 16 % 100 % $ 78 % % 3 % % 1/% 14 1 % 1% 24 22 105 % 0 % 34 2 % S % $ 71 %