Refer the following table.

Tia$$s Trampolines Inc.

Comparative Balance Sheet Information

November $30$

$($millions of $$)$

$202320222021$

Cash $ $211$ $ $599$ $ $624$

Accounts receivable $($net$)286323142$

Plant and equipment $($net$)1,4521,5901,886$

Accounts payable $66142272$

Long$-$term notes payable $9711,2911,451$

Preferred shares $171171171$

Common shares $651651651$

Retained earnings $90257107$

The preferred shares are $$0\mathrm{.}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 $$)$

$202320222021$

Net sales $ $4,140$ $ $6,460$ $ $6,780$

Cost of goods sold $2,7994,4234,647$

Gross profit $ $1,341$ $ $2,037$ $ $2,133$

Operating expenses:

Depreciation expense $ $318$ $ $318$ $ $318$

Other expenses $4141,2701,466$

Total operating expenses $7321,5881,784$

Profit from operations $ $609$ $ $449$ $ $349$

Interest expense $8099109$

Income tax expense $16912186$

Profit $ $360$ $ $229$ $ $154$

Required:

Calculate Tia$$s Trampolines Inc.$\text{'}$s profitability ratios for $2023.$ Also identify whether each of Tia$$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.$)$

Analysis Component:

Calculate the sales, accounts receivable, cost of goods sold, and accounts payable for the three years $2023,2022,$ and $2021$ using $2021$ as the base year. $($Round the final answer to $2$ decimal places. Indicate if variance trend is favourable$/$unfavourable$.$ Input all positive values.$)$