Homework 11 & 12(Ch 11 & 12) Question 8 of 14 0.5 / 1 E Current Attempt in Progress (Common-size analysis and differences in profitability) Comparative financial statement data for First Ltd. and Supreme Ltd., two competitors, follow: First Ltd. Supreme Ltd. 2020 2019 2020 2019 Net sales $326.900 $2.027.600 Cost of goods sold 189,602 1,135,456 Operating expenses 68,570 445.730 Interest expense 3,290 37,830 Income tax expense 16,840 64,070 Current assets 181,230 $155.050 1,058,300 $812,790 Capital assets (net) ) 381.100 394.950 1,465,300 1,546,530 Current liabilities 51,790 43.110 236,340 219.570 Long-term liabilities 63,230 100,990 579.130 532.110 Share capital 329.000 273,000 1,272.000 1.035,000 Retained earnings 118,310 132.900 436,130 572,640 Homework 11 & 12(Ch 11 & 12) Question 8 of 14