Cool Brewery Ltd. Northern Beer Ltd. 2020 2019 2020 2019 Net sales $223.210 $38,480 Cost of goods sold 101,200 14,040 Operating expenses 88,660 14,350 Interest expense 7,780 360 Income tax expense 4,570 1.240 Cash 11.450 $10,340 4,660 $2,650 Other current assets 82.230 76,540 7,570 7.040 Long-term assets (net) 199.450 220,890 31.420 33,310 Current liabilities 73,490 60,670 3.580 4.340 Long-term liabilities 100.200 107.260 8,650 7.680 Share capital 48,000 44.900 18,600 16,400 Retained earnings 71.440 94.940 12.820 14.580 re to search Prepare a common-size analysis for 2020 for Cool Brewery Ltd. and Northern Beer Ltd. (Round percentage answers to 1 decimal ploce, es 15.1%) Cool Brewery Northern Beer Net sales s 223.210 100 * $ 38.480 Cost of goods sold 101200 96 14040 i Operating expenses 88,660 1 14350 Interesten 7.780 i 360 1 Income tanse 4570 1.240 Netcarning 21000 96 3490-0 Calculate the return on assets and the return on shareholders' equity for both companies. (Round answers to 1 decimal place, es 15.1%) Cool Brewery Northern Beer Return on assets 96 Return on shareholders' equity % e Textbook and Media Solution 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 eTextbook and Media Solution Calculate the net debt as a percentage of total capitalization for both companies. (Round answers to 1 decimal place, c. 15.1%) Cool Brewery Northern Beer Net debt as a percentage of total capitalization eTextbook and Media Solution Save for Later