the following table

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the following table. Tia's Trampolines Inc. Comparative Balance Sheet Information November 30 (millions of $) 2020 2019 Cash $ 216 $ 604 Accounts receivable (net) 291 328 Plant and equipment (net) 1,457 1,640 Accounts payable 71 147 Long-term notes payable 976 1,296 Preferred shares 176 176 Common shares 656 656 Retained earnings 85 297 20 $ 629 147 1,936 312 1,456 176 656 112 The preferred shares are $0.50, non cumulative 80 milion preferred and 320 million common shares were issued and outstanding during each year Tia's Trampolines Inc. Income Statement For Year Ended November 30 (11lions of 5) 2020 2019 2018 Net sales 54,240 56.560 56,50 Cost of goods sold 28246,448 4.672 Gross profit $1,416 $2,112 52,200 Operating expenses Depreciation expense $ 320 5328 $328 Others 424 1201,676 Total operating expenses 752100 1:504 Profit fros operations $ 645 5845 404 Internet esse 90 100 119 Incotetox pense 179 131 196 Profit $3955 26451 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 18 % 20% 327% $ 8.63 $ 1500 $ 179 1. Profit margin 2 Gross profitatio 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 % 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 10 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