(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 $216,470 $43,100 Cost of goods sold 96,880 14,640 Operating expenses 78,570 18.760 Interest expense 8,300 410 Income tax expense 4,350 1,180 Cash 11,280 $10,500 4,690 $2.750 Other current assets 81,770 83,400 7,750 8,130 Long-term assets (net) 204,100 207.900 30,020 28,050 Current liabilities 76,800 65,120 4,220 4,050 Long-term liabilities 101,780 127,720 7.900 7,560 Share capital 56,300 51,000 16,300 16,900 Retained earnings 62,270 57,960 14,040 10,420 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 e Textbook 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%.) Cool Brewery Northern Beer Net debt as a percentage of total capitalization % %