Refer the following table.
The preferred shares are $0.50, non-cumulative 80 million preferredand 320 million common shares were issued and outstanding duringeach year.
Required:Calculate Tia’s Trampolines Inc.'s profitability ratios for2020. Also identify whether each of Tia’s Trampolines Inc'sprofitability ratios compares favourably or unfavourably tothe industry average. (Round the final answer to 2decimal places. Input all positive values.)
Analysis Component: Calculate the sales, accounts receivable, cost of goods sold, andaccounts payable for the three years 2020, 2019, and 2018 using2018 as the base year. (Round the final answer to 2decimal places. Indicate if variance trend isfavorable/unfavorable. Input all positive values.)
Refer the following table. The preferred shares are $0.50, non-cumulative 80 million preferred and 320 million common sh
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