(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 $218,390 $42,490 Cost of goods sold 107,480 15,880 Operating expenses 91,210 15,900 Interest expense 7,950 330 Income tax expense 5,040 1,080 Cash 11,730 $9,740 4,410 $2,350 Other current assets 86,870 76,110 8,350 7,630 Long-term assets (net) 222,270 207,920 30,920 28,310 Current liabilities 73,310 60,760 3,620 4,200 Long-term liabilities 113,800 116,270 7,450 7,890 Share capital 52,000 46,800 18,100 15,400 Retained earnings 81,760 69,940 14,510 10,800