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.) $ ces SIMULTECH CORPORATION Income Statement (summarized) (in millions of U.S. dollars) Current Year Sales Revenues $ 2,075 100 Cost of Goods Sold 1.617 78 Selling, General, and Administrative Expenses 353 Other Operating Expenses 57 3 Interest Expense 26 Income before Income Tax Expense 22 1 Income Tax Expense 8 0 Net Income $ 14 Previous Year 2.250 100 % 1.741 366 16 14 24 1 105 34 2 % $ 71 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? O Better O Worse 3. Has Simultech's net profit margin increased, or decreased, over the two years? O Increased O Decreased