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 2020 2019 2018 $ 206 $ 594 $ 619 281 318 137 1,447 1,540 1,836 61 137 232 966 1,286 1,446 166 166 166 646 646 646 95 217 102 Common shares Retained earnings The preferred shares are $0.50, non-cumulative 80 million preferred and 320 million common shares were issued a during each year. Net sales Tia's Trampolines Inc. Income Statement For Year Ended November 30: (millions of $) 2020 2019 2018 $4,040 $6,360 $6,680 Help Save & Exit The preferred shares are $0.50, non-cumulative 80 million preferred and 320 million common shares were issued and outstanding during each year. Tia's Trampolines Inc. Income Statement For Year Ended November 30 (millions of $) Net sales Cost of goods sold Gross profit Operating expenses: Depreciation expense Other expenses Total operating expenses Profit from operations Interest expense Income tax expense Profit 2020 2019 2018 $4,040 $6,360 $6,680 2,774 4,398 4,622 $1,266 $1,962 $2,058 $ 308 $ 308 $ 308 $ 404 1,260 1,456 712 1,568 1,764 554 $394 $ 294 70 159 89 111 99 76 $325 $ 194 $ 119 Required: Help Save & Exit Subm 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.) 2020 Industry Average FIU 1. Profit margin 2. Gross profit ratio 3. Return on total assets 5. Book value per common share 6. Book value per preferred share 7. Earnings per share % 14 % % 18 % % 20 % 4. Return on common shareholders' equity % 32.7 % $ 8.63 $ 15.00 $ 1.79 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.) Net sales Accounts receivable 2020 Cost of goods sold Accounts payable 2019 2018 FIU % % % % % % % % %