Refer the following table. Tia's Trampolines Inc. Comparative Balance Sheet Information November 30 (millions of $) 2020 2019 2018 Cash $ 204 $ 592 $ 617 Accounts receivable (net) Plant and equipment (net) 279 1, 445 316 135 1,520 1,816 Accounts payable 59 135 216 Long-term notes payable 964 1,284 1,444 Preferred shares 164 164 164 es Common shares 644 644 644 Retained earnings 97 201 100 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 Net sales (millions of $) Cost of goods sold Gross profit 2020 2019 2018 $4,000 $6,320 $6,640 2,764 4,388 4,612 $1,236 $1,932 $2,028 Operating expenses: Depreciation expense $ Other expenses Total operating expenses Profit from operations $ Interest expense Income tax expense Profit 304 $ 304 $ 304 400 1,256 1,452 1,560 1,756 704 532 $ 372 $ 272 66 155 85 107 95 72 $ 311 $ 180 $ 105 Required: Calculate Tia's Trampolines Inc.'s profitability ratios for 2020. 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.) Industry Average F/U 2020 1. Profit margin 7.78 % 14 % Unfavourable 2. Gross profit ratio 30.90 % 18 % Favourable 3. Return on total assets 14.28 % 20 % Unfavourable. 4. Retum on common shareholders' equity 39.22 % 32.7 % Favourable 5. Book value per common share $ 2.32 $ 6. Book value per preferred share 7. Earnings per share $ $ 2.05 0.97 8.63 $ 15.00 Unfavourable $ 1.79 Unfavourable Unfavourable 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 year. (Round the final answer to 2 decimal places. Indicate if variance trend is favorable/unfavorable. Input all Dositive values.) Net sales 2020 (39.75) % 2019 2018 F/U % 100 % Unfavourable Accounts receivable % % 100 % Favourable Cost of goods sold % % 100 % Unfavourable Accounts payable % % 100 % Favourable