Check my work 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.) Book Sales Revenues Print Cost of Goods Sold erences SIMULTECH CORPORATION Income Statement (summarized) (in millions of U.S. dollars) Selling, General, and Administrative Expenses Other Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense Net Income Current Year Previous Year $ 2,080 100 % $ 2,300 100 % 1,607 77 1,751 365 376 16 59 3 15 1 28 23 1 21 1 135 6 0 31 1 $ 15 % $ 104 % 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 increased, or decreased, over the two years? Increased Decreased