Refer the following table. Tia's Trampolines Inc. Comparative Balance Sheet Information November 30 (millions of $) 2020 2019 Cash 216 604 Accounts receivable (net) 291 plant and equipment (net) 1,457 1,640 Accounts payable Long-term notes payable 976 1,296 Preferred shares 176 Common shares 656 Retained earnings 2018 $ 629 147 1,936 312 1,456 656 112 The preferred shares are $0.50, non-cumulative 80 million preferred and 320 million comm during each year. Tia's Trampolines Inc. Income Statement For Year Ended November 30 (millions of $) 2020 2019 2018 Net sales $4,249 $6,560 $6,880 Cost of goods sold 2,824 4,448 4,672 Gross profit $1,416 $2,112 $2,208 Operating expenses: Depreciation expense $ 328 $ $ 328 Other expenses 424 1,280 1,476 Total operating expenses 752 1,608 1,804 Profit from operations $ 664 $ 504 $ Interest expense 90 109 119 179 Income tax expense 131 96 $ 395 $ 264 $ Profit 189 328 404 umulative 80 million preferred and 320 million common shares were issued and outstanding 2019 2018 6,560 $6,880 4,448 4,672 2,112 $2,208 328 328 $ 1,280 1,476 1,608 1,804 504 $ 404 109 119 131 96 264 $ 189 Required: Calculate Tia's Trampolines Inc.'s profitability ratios for 2020. Also identify whether each of Tia's Tram compares favourably or unfavourably to the industry average. (Round the final answer to 2 decimal 2020 FIU Industry Average 14% % % 18 % % 20 % % 32.7 % 1. Profit margin 2. Gross profit ratio 3. Return on total assets 4. Return on common shareholders' equity 5. Book value per common share 6. Book value per preferred share 7. Earnings per share $ 8.63 $ 15.00 1.79 Analysis Component: Calculate the sales, accounts receivable, cost of goods sold, and accounts payable for the 2018 as the base year. (Round the final answer to 2 decimal places. Indicate if variance to positive values.) 2020 2019 2018 FU Net sales % % % % % % Accounts receivable Cost of goods sold Accounts payable % % % % % % Saved Help Save & receivable, cost of goods sold, and accounts payable for the three years 2020, 2019, and 2018 using the final answer to 2 decimal places. Indicate if variance trend is favorable/unfavorable. Input all 2019 2018 FIU % % % % % % % % %