Refer the following table, Tia's Trampolines Inc. Comparative Balance Sheet Information November 30 (millions of 5) 2020 2019 Cash 2018 5209$ 597 5622 Accounts receivable (net) 284 321 140 plant and equipient (net) 1,450 1,570 1,866 Accounts payable 64 140 256 Long-term notes payable 969 1,289 Preferred shares 1,449 169 Common shares 169 649 649 649 Retained earnings 92 241 105 169 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 $4,100 $6,420 $6,740 Cast of goods sold 2,789 4,413 4,637 Gross profit $1,311 $2,007 $2,103 Operating expenses: Depreciation expense $314 $ 314 $ 314 Other expenses 410 1,266 1,462 Totat operating expenses 724 1.588 1,776 Profit from operations $ 587 $427 $ 327 Interest expense 75 95 105 Income tax expense 165 117 82 Profit $ 346 $ 215 $ 140 va 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 el % % 1. Proft margin 2. Gross profit ratio 3. Return on total assets 4. Retum on common shareholders equity 5. Book value per common share 6. Book value per preferred share 7. Earnings per share R2 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 ytars 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 % %