Refer the following table.

Tia$$s Trampolines Inc.

Comparative Balance Sheet Information

November $30$

$($millions of $$)$

$202320222021$

Cash $ $207$ $ $595$ $ $620$

Accounts receivable $($net$)282319138$

Plant and equipment $($net$)1,4481,5501,846$

Accounts payable $62138240$

Long$-$term notes payable $9671,2871,447$

Preferred shares $167167167$

Common shares $647647647$

Retained earnings $94225103$

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 $ $4,060$ $ $6,380$ $ $6,700$

Cost of goods sold $2,7794,4034,627$

Gross profit $ $1,281$ $ $1,977$ $ $2,073$

Operating expenses:

Depreciation expense $ $310$ $ $310$ $ $310$

Other expenses $4061,2621,458$

Total operating expenses $7161,5721,768$

Profit from operations $ $565$ $ $405$ $ $305$

Interest expense $7291101$

Income tax expense $16111378$

Profit $ $332$ $ $201$ $ $126$

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.$)$