Cool Brewery Ltd. Northern Beer Ltd. 2020 2019 2020 2019 Net sales $206,770 $40,680 Cost of goods sold 101,770 16,110 Operating expenses 88,560 17,430 Interest expense 7,450 410 Income tax expense 4,700 1,140 Cash 11,170 $10,550 4,300 $2,320 Other current assets 93,460 83,880 8,400 6,800 Long-term assets (net) 213,950 209,600 31,160 32,550 Current liabilities 70,580 57,810 4,210 3,990 Long-term liabilities 98,310 111,790 8,550 7,690 Share capital 51,200 46,500 18,600 15,200 Retained earnings 98,490 87,930 12,500 14,790 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 % %