Refer the following table. Tia's Trampolines Inc. Comparative Balance Sheet Information November 30 (millions of $) 2020 2019 Cash $ 207 $ 595 Accounts receivable (net) 282 319 Plant and equipment (net) 1,448 1,550 Accounts payable 62 138 Long-term notes payable 967 1,287 Preferred shares 167 167 Common shares 642 647 Retained earnings 94 225 2018 $ 620 138 1,846 240 1,447 167 647 103 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 $) 2020 2019 2018 Net sales $4,060 $6,389 $6,700 Cost of goods sold 2,779 4,403 4,627 Gross profit $1,281 $1,977 $2,073 Operating expenses: Depreciation expense $ 310 $ 310 $ 310 Other expenses 406 1,262 1,458 Total operating expenses 716 1,572 1,768 Profit from operations $ 565 $ 405 $ 305 Interest expense 72 91 101 Income tax expense 161 113 78 Profit $ 332 $ 201 $ 126 | 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 FIU % % % 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 $ 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 % % % % Net sales Accounts receivable Cost of goods sold Accounts payable % % % % % % %