Refer the following table.

Tia$$s Trampolines Inc.

Comparative Balance Sheet Information

November $30$

$($millions of $$)$

$202320222021$

Cash $ $215$ $ $603$ $ $628$

Accounts receivable $($net$)290327146$

Plant and equipment $($net$)1,4561,6301,926$

Accounts payable $70146304$

Long$-$term notes payable $9751,2951,455$

Preferred shares $175175175$

Common shares $655655655$

Retained earnings $86289111$

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 $ $4,220$ $ $6,540$ $ $6,860$

Cost of goods sold $2,8194,4434,667$

Gross profit $ $1,401$ $ $2,097$ $ $2,193$

Operating expenses:

Depreciation expense $ $326$ $ $326$ $ $326$

Other expenses $4221,2781,474$

Total operating expenses $7481,6041,800$

Profit from operations $ $653$ $ $493$ $ $393$

Interest expense $88107117$

Income tax expense $17712994$

Profit $ $388$ $ $257$ $ $182$

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.$)$