(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 $227,290 $43,880 Cost of goods sold 100,950 15,670 Operating expenses 81,590 15,610 Interest expense 7,040 370 Income tax expense 4,990 1,160 Cash 11,360 $10,360 4,550 $2,290 Other current assets 80,990 75,260 8,660 7,860 Long-term assets (net) 220,480 228,320 28,340 31,990 Current liabilities 74,180 56,690 4,020 4,030 Long-term liabilities 98,890 106,810 7,300 7,520 Share capital 46,100 47,500 19,000 15,700 Retained earnings 93,660 102,940 11,230 14,890 Part 1 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 eTextbook and Media $ % % % % % $ % Part 1 Prepare a common-size analysis for 2020 for Cool Brewery Ltd. and Northern Beer Ltd. (Round percentage answers to 1 decimal place, eg. 15.1%.) Northern Beer % $ % % % de % % $ % % % % I % % Part 2 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 Northern Beer Cool Brewery % % Part 2 Calculate the return on assets and the return on shareholders' equity for both companies. (Round answers to 1 decimal place, e.g. 15.1%) rn on assets rn on shareholders' equity Northern Beer Cool Brewery % % % % Part 3 Calculate the debt to equity ratio for both companies at the end of 2020. (Round answers to 2 decimal places, eg. 0.84.) Cool Brewery Northern Beer Debt to equity ratio Part 4 Calculate the net debt as a percentage of total capitalization for both companies. (Round answers to 1 decimal place, eg. 15.1%.) Cool Brewery Norther % Net debt as a percentage of total capitalization Part 4 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 % % stage of total capitalization eTextbook and Media