Current Attempt in Progress (Common-size analysis and differences in profitability) Comparative financial statement data for First Ltd. and Supreme Ltd., two competitors, follow: First Ltd. Supreme Ltd. 2020 2019 2020 2019 Net sales $323,500 $2,052,600 Cost of goods sold 194,100 1,190,508 Operating expenses 65,500 448,100 Interest expense 3,250 40,840 Income tax expense 15,850 68,240 Current assets 167.620 $147,110 1,073,200 $842,700 Capital assets (net) 378,700 359,620 1,673,100 1,544,890 Current liabilities 52,020 42,510 206,140 231,990 Long-term liabilities 70,600 99,140 567,790 496,320 Share capital 336,000 269,000 1,312,000 1,075.000 Retained earnings 87,700 96,080 660,370 584,280 (a) View Policies Current Attempt in Progress (Common-size analysis and differences in profitability) Comparative financial statement data for First Ltd. and Supreme Ltd., two competitors, follow: First Ltd. Supreme Ltd. 2020 2019 2020 2019 Net sales $323,500 $2,052,600 Cost of goods sold 194,100 1.190,508 Operating expenses 65,500 448,100 Interest expense 3,250 40,840 Income tax expense 15,850 68.240 Current assets 167.620 $147,110 1.073.200 $842,700 Capital assets (net) 378,700 359,620 1,673,100 1,544,890 Current liabilities 52,020 42,510 206.140 231.990 Long-term liabilities 70,600 99.140 567,790 496,320 Share capital 336,000 269,000 1.312,000 1,075,000 Retained earnings 87,700 96,080 660.370 584.280