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	$2,067	100	%	$2,500	100	%
Cost of Goods Sold	1,557	75		1,801
Selling, General, and Administrative Expenses	410			426	17
Other Operating Expenses	42	2		13	1
Interest Expense	16			18	1
Income before Income Tax Expense	42	2		242
Income Tax Expense	8	0		30	1
Net Income	$34		%	$212		%