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value . 5.00 points A condensed income statement for Simultech Corporation and a partially completed vertical analysis are presented below. Required: 1. Complete the vertical
value . 5.00 points 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) For the Years Ended January 31, 2013 January 31, 2012 Sales Revenues $ 2,090 100 % $ 2,165 100 % Cost of Goods Sold 1, 70782 1,651 SellingGeneral, and Administrative Expenses 28s 276 13 Other Operating Expenses 49 2 15 1 0 Interest Expense 18 33 2 Income before Income Tax Expense 53 3 190 I Income Tax Expense 8 o 30 1 Net income is 45 % $ 160 %
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