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Hello, I posted this question before but most the answers were wrong and these were the only 2 that were right. May someone please help with correct answers, I will make sure to give thumbs up.

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? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete the vertical analysis by computing each missing line item as a percentage of sales revenues. (Round your answers to the nearest whole percent.) Previous Year 100 % TRIDENT SHIPPING Income Statement (summarized) (in millions of U.S. dollars) Current Year Sales Revenues $ 2,060 100 % Cost of Goods Sold 1,537 75 % Selling, General, and Administrative Expenses 433 % Other Operating Expenses 43 2 % Interest Expense 12 1% Income before Income Tax Expense 35 2 % Income Tax Expense 5 0 % Net Income $ 30 2% $ 2,455 1,821 446 % 18 % 15 1 % 16 1 % 157 % 1 % 24 133 $ %

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