Tias Trampolines Inc.

Comparative Balance Sheet Information

November 30

(millions of $)

2020. 2019. 2018

Cash $209 $597 $622

Accounts receivable (net). 284 321 140

Plant and equipment (net). 1,450 1,570 1,866

Accounts payable 64 140 256

Long-term notes payable. 969 1,289 1,449

Preferred shares 169 169 169

Common shares 649 649 649

Retained earnings 92 241 105

The preferred shares are $0.50, non-cumulative 80 million preferred and 320 million common shares were issued and outstanding during each year.

Tias Trampolines Inc.

Income Statement

For Year Ended November 30

(millions of $)

2020 2019 2018

Net sales $ 4,100 $ 6,420 $ 6,740

Cost 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

Total operating expenses 724 1,580 1,776

Profit from operations $ 587 $ 427 $ 327

Interest expense 76 95 105

Income tax expense 165 117 82

Profit $ 346 $ 215 $ 140

Required:

Calculate Tias Trampolines Inc.'s profitability ratios for 2020. Also identify whether each of Tias 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 2019 2018 F/U Net sales Accounts receivable Cost of goods sold Accounts payable % % % % % % % % % % % %