None (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.2020201920202019Net sales$203,130$43,450Cost of goods sold98,98016,160Operating expenses83,84017,460Interest expense7,810410Income tax expense4,4301,020Cash11,630$9,0204,840 $2,480Other current assets90,33073,5107,6107,030Long-term assets (net)191,910195.83028,170 30,180Current liabilities73,12062,6503,5104,140Long-term liabilities105,350110,6907,6306,970Share capital47,50051,50017,000 17,000Retained earnings67,90053,52012,48011,580Prepare a common-size analysis for 2020 for Cool Brewery Ltd. and Northern Beer Ltd. (Round percentage answers to 1 decimalplace, e.g. 15.1%.)

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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