Refer the following table. Tia's Trampolines Inc. Comparative Balance Sheet Information November 30 (millions of 5) 2020 2019 Cash $ 213 $ 601 Accounts receivable (net) 288 325 Plant and equipment (net) 1,454 1,610 Accounts payable 68 144 Long-term notes payable 973 1,293 Preferred shares 173 173 Common shares 653 653 Retained earnings 273 2018 $ 626 144 1,906 288 1,453 173 653 109 1,203 173 Long-term notes payable Preferred shares Common shares Retained earnings 973 123 653 BA 1,453 123 653 273 le 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 (illions of 3) 2020 2019 2018 Net sales 54,180 36,500 $6,820 Cost of goods sold 2,809 4,432 4.657 Gross profit $1,371 $2,067 $2,163 Operating expenses Depreciation expense $3225322 $ 322 Other expenses 418 1,274 1,470 Total operating expenses 740 1,596 1,792 Profit from operations $631 $ 471 $ 371 Interest expense 34 103 Income tax expense 173 90 Profit $ 374 5 243 5 168 125 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 Flu % 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 Industry Average 14% 18% 20% 32.7% $ 8.63 % $ 15.00 S 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 2011 % % Not sales Accounts receivable Cost of goods sold Accounts payable