(Common-size analysis and differences in profitability and leverage) Comparative financial statement data for Cool Brewery Ltd. and Northern Beer Ltd, two competitors, follow (amounts in thousands): Cool Brewery Ltd. Northern Beer Ltd. 2020 2019 2020 2019 Net sales $206,770 $40,680 Cost of goods sold 101.770 16.110 Operating expenses 88,560 17,430 Interest expense 7,450 410 Income tax expense 4,700 1.140 Cash 11.170 $10,550 4,300 $2,320 Other current assets 93460 83.880 8,400 6,800 Long-term assets (net) 213,950 209,600 31.160 32.550 Current liabilities 70,580 57.810 4210 3,990 Long-term liabilities 98.310 111.790 8.550 7.690 Share capital 51.200 46.500 18,600 15.200 Retained earnings 98.490 87.930 12.500 14.790 Calculate the debt to equity ratio for both companies at the end of 2020. (Round answers to 2 decimal places, eg. 0.84) Cool Brewery Northern Beer 0.43 0.14 Debt to equity ratio eTextbook and Media Assistance Used Your answer is incorrect. Calculate the net debt as a percentage of total capitalization for both companies (Round answers to 1 decimal place, eg. 15.1%) Cool Brewery Northern Beer Net debt as a percentage of total capitalization 320 % 119 %6