Question 1 of 5 < > View Policies 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 $312,900 $2,131,400 Cost of goods sold 193,998 1,300,154 Operating expenses 62,730 428,690 Interest expense 3,600 41,350 Income tax expense 19,100 65,940 Current assets 156,050 $134,740 977,100 $754,850 Capital assets (net) 442,700 340,480 1,442,800 1,444,960 Current liabilities 51,590 43,940 234,230 226,580 Long-term liabilities 60,930 96,950 630,120 558,980 Share capital 376,000 280,000 1,254,000 1,082,000 Retained earnings 110,230 54,330 301,550 332.250 (a)