10 10 points eBook P Refer the following table. Cash Tia's Trampolines Inc. Comparative Balance Sheet Information November 30 (millions of $) Accounts receivable (net)) Plant and equipment (net) Accounts payable Long-term notes payable Preferred shares Common shares Retained earnings 2020 2019 2018 $ 208 $ 596 $ 621 283 1,449 320 1,560 139 1,856 63 139 248 968 1,288 1,448 168 168 168 648 648 648 93 233 104 References The preferred shares are $0.50, non-cumulative 80 million preferred and 320 million common shares were issued and outstanding during each year. Net sales Tia's Trampolines Inc. Income Statement For Year Ended November 30 (millions of 5) Cost of goods sold Gross profit Operating expenses: Depreciation expense Other expenses Total operating expenses Profit from operations Interest expense Income tax expense Profit 2018 2020 2019 $4,080 $6,400 $6,720 2,784 4,408 4,632 $1,296 $1,992 $2,058 312 5 312 5 312 488 1,264 1,468 720 1,576 1,772 576 $ 416316 74 163 93 103 115 88 $ 339 $ 208 5 133 PROTIL 335 LED 33 Required: Calculate Tia's Trampolines Inc.'s profitability ratios for 2020. Also identify whether each of Tia's Trampolines Inc's profitability ratios compares favourably or unfavourably to the industry average. (Round the final answer to 2 decimal places. Input all positive values.) 1. Profit margin Industry Average F/U 14 % Unfavourable ook 2. Gross profit ratio 3. Return on total assets 4. Return on common shareholders' equity rint 5. Book value per common share 6. Book value per preferred share rences 7. Eamings per share 2020 % 31.76 % 18% Favourable % 20 % Unfavourable % 32.7 % Favourable $ 8.03 Unfavourable S 2.10 $15.00 Unfavourable $ 0.93 $ 1.79 Unfavourable Analysis Component: Calculate the sales, accounts receivable, cost of goods sold, and accounts payable for the three years 2020, 2019, and 2018 using favorablelefonrable input all Chest points eBook Print Analysis Component: Calculate the sales, accounts receivable, cost of goods sold, and accounts payable for the three years 2020, 2019, and 2018 using 2018 as the base year. (Round the final answer to 2 decimal places. Indicate if variance trend is favorable/unfavorable. Input all positive values.) References Net sales Accounts receivable Cost of goods sold Accounts payable 2020 2010 2018 FIU % % % %Unfavourable %Unfavourable % 100 % Favourable 100% Favourable