(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		$214,040				$40,450
Cost of goods sold		100,850				16,600
Operating expenses		81,360				14,570
Interest expense		7,890				390
Income tax expense		4,620				1,090
Cash		11,690		$9,490		4,670		$2,680
Other current assets		77,820		83,860		8,500		6,950
Long-term assets (net)		191,930		193,340		30,610		30,120
Current liabilities		75,220		59,230		3,920		4,280
Long-term liabilities		99,310		114,940		7,240		7,050
Share capital		52,600		44,900		17,800		15,000
Retained earnings		54,310		67,620		14,820		13,420

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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%.)

		Cool Brewery				Northern Beer
Select an item. Cost of goods soldIncome tax expenseInterest expenseNet earningsNet salesOperating expenses		$Enter a dollar amount.		Enter percentages rounded to 1 decimal place. %		$Enter a dollar amount.		Enter percentages rounded to 1 decimal place. %
Select an item. Cost of goods soldIncome tax expenseInterest expenseNet earningsNet salesOperating expenses		Enter a dollar amount.		Enter percentages rounded to 1 decimal place. %		Enter a dollar amount.		Enter percentages rounded to 1 decimal place. %
Select an item. Cost of goods soldIncome tax expenseInterest expenseNet earningsNet salesOperating expenses		Enter a dollar amount.		Enter percentages rounded to 1 decimal place. %		Enter a dollar amount.		Enter percentages rounded to 1 decimal place. %
Select an item. Cost of goods soldIncome tax expenseInterest expenseNet earningsNet salesOperating expenses		Enter a dollar amount.		Enter percentages rounded to 1 decimal place. %		Enter a dollar amount.		Enter percentages rounded to 1 decimal place. %
Select an item. Cost of goods soldIncome tax expenseInterest expenseNet earningsNet salesOperating expenses		Enter a dollar amount.		Enter percentages rounded to 1 decimal place. %		Enter a dollar amount.		Enter percentages rounded to 1 decimal place. %
Select a closing name. Cost of goods soldIncome tax expenseInterest expenseNet earningsNet salesOperating expenses		$Enter a total amount.		Enter percentages rounded to 1 decimal place. %		$Enter a total amount.		Enter percentages rounded to 1 decimal place. %

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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		Enter percentages rounded to 1 decimal place. %		Enter percentages rounded to 1 decimal place. %
Return on shareholders equity		Enter percentages rounded to 1 decimal place. %		Enter percentages rounded to 1 decimal place. %

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Calculate the debt to equity ratio for both companies at the end of 2020. (Round answers to 2 decimal places, e.g. 0.84.)

		Cool Brewery		Northern Beer
Debt to equity ratio		Enter debt to equity ratio rounded to 2 decimal places.		Enter debt to equity ratio rounded to 2 decimal places.

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Calculate the net debt as a percentage of total capitalization for both companies. (Round answers to 1 decimal place, e.g. 15.1%.)

		Cool Brewery		Northern Beer
Net debt as a percentage of total capitalization		Enter percentages rounded to 1 decimal place. %		Enter percentages rounded to 1 decimal place. %