Part 2

Part 3

Part 4

Kindly answer all the parts.

(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 $216,730 $41,370 Cost of goods sold 108,680 15,400 Operating expenses 79,390 18,080 Interest expense 8,510 360 Income tax expense 4,540 1,160 Cash 13,040 $9,300 4,760 $2,660 Other current assets 88,790 80,800 8,710 8,090 Long-term assets (net) 189.280 196,830 26.220 31,420 Current liabilities 71,970 62,420 3,870 4,390 Long-term liabilities 93,730 119,500 7,780 7,260 Share capital 51,100 51,400 16,700 15,700 Retained earnings 74,310 53,610 11,340 14,820