please help me to solve this problem (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):Net salesCost of goods soldOperating expensesInterest expenseIncome tax expenseCashOther current assetsLong-term assets (net)Current liabilitiesLong-term liabilitiesShare capitalRetained earningsCool Brewery Ltd.2020$208,53099,45090,8208,5404,96012,35091,480223,83052,3002019112,940$10,16084,00065,61096,810 124,58044,700212,38064,65072,610Northern Beer Ltd.2020$38,56015,54016,9103401,1204,5707,83031,5904,2708,21016,60014,9102019$2,6806,82029,5504,3907,01017,50010,150 Calculate the debt to equity ratio for both companies at the end of 2020. (Round answers to 2 decimal places, e.g. 0.84.)Debt to equity ratioCool BreweryeTextbook and MediaSolution* Your answer is incorrect..91Northern BeerNet debt as a percentage of total capitalizationCalculate the net debt as a percentage of total capitalization for both companies. (Round answers to 1 decimal place, e.g.15.1%.).25Cool Brewery47.6 %Northern Beer20.1 %

Debt means total liabilities of the business. It means all obligations which needs to be paid or…

Calculate the debt to equity ratio for both companies at the end of 2020. (Round answers to 2 decimal places, e.g. 0.84.) Debt to equity ratio Cool Brewery eTextbook and Media Solution * Your answer is incorrect. .91 Northern Beer Net debt as a percentage of total capitalization Calculate the net debt as a percentage of total capitalization for both companies. (Round answers to 1 decimal place, e.g. 15.1%.) .25 Cool Brewery 47.6 % Northern Beer 20.1 %

Calculate the debt to equity ratio for both companies at the end of 2020. (Round answers to 2 decimal places, e.g. 0.84.) Debt to equity ratio Cool Brewery eTextbook and Media Solution * Your answer is incorrect. .91 Northern Beer Net debt as a percentage of total capitalization Calculate the net debt as a percentage of total capitalization for both companies. (Round answers to 1 decimal place, e.g. 15.1%.) .25 Cool Brewery 47.6 % Northern Beer 20.1 %

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 1MCQ

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