{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): Net sales $214,030 $44,070 Cost of goods sold 108,920 15,090 Operating expenses 80,170 17,160 Interest expense 7,180 390 Income tax expense 4,640 1,060 Cash 11,200 $10,560 4,480 $2,550 Other current assets 81,630 84,080 8,470 7,020 Long-term assets (net) 220,930 206,490 31,160 31,400 Current liabilities 72,360 65,020 4,100 4,000 Long-term liabilities 103,540 113,250 8,140 7,500 Share capital 52,600 50,400 16,500 15,600 Retained earnings 85,260 72,460 15,370 13,870 Prepare a common-size analysis for 2020 for Cool Brewery Ltd. and Northern Beer Ltd. (Round percentage answers to 1 decimal place,e.g. 15.1%.) v $ % % v % v % v % v % Calculate the return on assets and the return on shareholders' equity for both companies. (Round answers to 1 decimal place, e.g. 15.1%.) Return on assets Return on shareholders' equity eTextbook and Media Calculate the debt to equity ratio for both companies at the end of 2020. (Round answers to 2 decimal places, e.g. 0.84.) Debt to equity ratio eTextbook and Media Calculate the net debt as a percentage of total capitalization for both companies. (Round answers to 1 decimal place, e.g. 15.1%.) Net debt as a percentage of total capitalization V Your answer is correct. Prepare a common-size analysis for 2020 for Cool Brewery Ltd. and Northern Beer Led. (Round percentage answers to 1 decimal place, e.g. 15.1%.) Cool Brewery Northern Beer Net sales 214030 100.0 44 Cost of goods sold (108920) i -50.9 i 15090 Operating expenses (80170) i 37.5 i 17160) Interest expense 7180) i -3.4 i 390 Income tax expense (4640) i 2.2 i % 1060) Net earnings 13120 6.1 $ 10 eTextbook and Media Your answer is correct. Calculate the return on assets and the return on shareholders' equity for both companies. (Round answers to 1 decimal place, e-g. 15.1%.) Cool Brewery Northern Beer Return on assets 4.3 % 24.4 Return on shareholders' equity 10.1 33.8 9%x Your answer is incorrect. ' Calculate the debt to equity ratio for both companies at the end of 2020. (Round answers to 2 decimal places, e.g. 0.84.) Deht to equity ratio 128 0.38 eTexthook and Media x Your answer is incorrect. Calculate the net debt as a percentage of total capitalization for both companies. (Round answers to 1 decimal place, e.g. 15.1%.) Met debt as a percentage of total capitalization 525 || % 176 | % eTextbook and Media