Refer the following table.

Tia$$s Trampolines Inc.

Comparative Balance Sheet Information

November $30$

$($millions of $$)$

$202320222021$

Cash $ $220$ $ $608$ $ $633$

Accounts receivable $($net$)295332151$

Plant and equipment $($net$)1,4611,6801,976$

Accounts payable $75151344$

Long$-$term notes payable $9801,3001,460$

Preferred shares $180180180$

Common shares $660660660$

Retained earnings $81329116$

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 $ $4,320$ $ $6,640$ $ $6,960$

Cost of goods sold $2,8444,4684,692$

Gross profit $ $1,476$ $ $2,172$ $ $2,268$

Operating expenses:

Depreciation expense $ $336$ $ $336$ $ $336$

Other expenses $4321,2881,484$

Total operating expenses $7681,6241,820$

Profit from operations $ $708$ $ $548$ $ $448$

Interest expense $98117127$

Income tax expense $187139104$

Profit $ $423$ $ $292$ $ $217$

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.$)$