Refer the following table.
Connect X C The Following Information Is Ava > + X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsBkEPsRc2... * M Assignment 13 - Chapter 17 i Saved Help Save & Exit Submit 6 Refer the following table. Tia's Trampolines Inc. Comparative Balance Sheet Information November 30 (millions of $) 15 2020 2019 2018 points Cash $ 209 $ 597 $ 622 Accounts receivable (net) 284 321 140 1, 450 1, 570 1, 866 04:06:56 Plant and equipment (net) Accounts payable 64 140 256 Long-term notes payable 969 1, 289 1, 449 Preferred shares 169 169 169 Common shares 649 649 649 Print Retained earnings 92 241 105 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 $) 2020 2019 2018 Net sales $4, 100 $6,420 $6, 740 Cost of goods sold 2, 789 4, 413 3 4,637 Gross profit $1, 311 $2, 007 $2, 103 Operating expenses: Depreciation expense $ 314 $ 314 $ 314 Other expenses 410 1, 266 1, 462 Total operating expenses 724 1, 580 1, 776 Profit from operations $ 587 $ 427 $ 327 Interest expense 76 95 105 Income tax expense 165 117 82 Profit $ 346 $ 215 $ 140 Mc Graw Hill Type here to search O 1 09 14X ENG 2:53 PM 2020-08-24Connect X C The Following Information Is Ava X + X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%2525%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsBkEPsRc2... * M Assignment 13 - Chapter 17 i Saved Help Save & Exit Submit Fruit from operations P 30/ P 421 D PLI Interest expense 76 95 105 6 Income tax expense 165 117 82 Profit $ 346 $ 215 $ 140 Required: 15 Calculate Tia's Trampolines Inc.'s profitability ratios for 2020. Also identify whether each of Tia's Trampolines Inc's profitability ratios points compares favourably or unfavourably to the industry average. (Round the final answer to 2 decimal places. Input all positive values.) 04:06:48 2020 Industry Average F/U 1. Profit margin % 14 % Print 2. Gross profit ratio % 18 % 3. Return on total assets % 20 % 4. Return on common shareholders' equity 32.7 % 5. Book value per common share $ 8.63 6. Book value per preferred share $ 15.00 7. Earnings per share $ 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 vear. (Round the final answer to 2 decimal places. Indicate if variance trend is favorable/unfavorable. Input all Mc Graw Hill Type here to search O 1 01 14 X ENG 2:53 PM 2020-08-24Connect X C The Following Information Is Ava > + X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsBkEPsRc2... * M Assignment 13 - Chapter 17 i Saved Help Save & Exit Submit 6 15 points Analysis Component: 04:06:45 Calculate the sales, accounts receivable, cost of goods sold, and accounts payable for the three years 2020, 2019, and 2018 using positive values.) 2018 as the base year. (Round the final answer to 2 decimal places. Indicate if variance trend is favorable/unfavorable. Input all Print 2020 2019 2018 F/U Net sales % % Accounts receivable % Cost of goods sold % % Accounts payable % Mc Graw Hill Type here to search O 1 09 14X ENG 2:53 PM 2020-08-24
