(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. 2020 2019 Northern Beer Ltd. 2020 2019 Net sales $218,180 $42,640 Cost of goods sold 90,480 16,140 Operating expenses 87,020 18,030 Interest expense 8,390 340 Income tax expense 4,500 1,140 Cash 11,560 $9,860 4,660 $2,290 Other current assets Long-term assets (net) Current liabilities 86,020 85,590 229,170 227,210 66,460 58,870 107,800 115,250 53,500 43,700 7,520 26,890 4,010 8,200 19,400 6,860 33,620 4,180 7,070 15,400 Long-term liabilities Share capital Retained earnings 98,990 104,8407 ,460 16,120 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 Northern Beer Net sales - $ 218180 100 % $ 42640 100 % Cost of goods sold 90480 41.47 16140 37.85 37.85 % Operating expenses v 87020 39.88 18030 42.28 Interest expense 8390 3.85 % 340 0.80 % Income tax expense v 4500 2.06 1140 2.67 Net earnings 74130 33.98 % $ 16550 38.81 Calculate the return on assets and the return on shareholders' equity for both companies. (Round answers to 1 decimal place, e.g. 15.1%.) Cool Brewery Northern Beer Return on assets Return on shareholders' equity eTextbook and Media Question Part Score 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