Refer the following table. Tia's Trampolines Inc. Comparative Balance Sheet Information November 30 (nillions of $) 2020 2019 Cash $ 205 $ 593 Accounts receivable (net) 280 317 Plant and equipment (net) 1,446 1,530 Accounts payable 60 136 Long-term notes payable 965 1,285 Preferred shares 165 165 Common shares 645 645 Retained earnings 96 209 2018 $ 618 136 1,826 224 1,445 165 645 101 The preferred shares are $0.50, non-cumulative 80 million preferred and 320 million common shares were issued and outstanding during each year. 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 (millions of 5) 2020 2019 2018 Net sales $4,020 $6,340 $6,660 Cost of goods sold 2,769 4,393 4,617 Gross profit $1,251 $1,947 $2,043 Operating expenses: Depreciation expense $ 306 $ 306 $ 306 Other expenses 402 1,258 1,454 Total operating expenses 708 1,564 1,760 Profit from operations $ 543 $ 383 5 283 68 Interest expense 87 97 Income tax expense 157 109 74 Profit $ 318 $ 187 $ 112 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.) 2020 FU Industry Average 14 % % % 1. Profit margin 2. Gross profit ratio 3. Return on total assets 4. Return on common shareholders' equity 5. Book value por common share 6. Book value per preferred share 7. Earnings per share 18% 20% 327% $ 8.63 $ 1500 $ 1.79 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 positive values.) 2020 2019 2018 FU % % Not sales Accounts receivable Cost of goods sold Accounts payable % % % % % % %