Question: Question 1 of 5 < Current Attempt in Progress (Common-size analysis and differences in profitability) Comparative financial statement data for First Ltd. and Supreme

differences in profitability) Comparative financial statement data for First Ltd. and Supreme

Question 1 of 5 < 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 $359.200 $2,094,400 Cost of goods sold 222,704 1.214,752 Operating expenses 68.820 427,490 Interest expense 3,160 37,760 Income tax expense 18.180 75,040 Current assets 163,430 Capital assets (net) 422,600 $152,120 359.640 939,600 $737,000 1,535,800 1.298,480 -/15

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