Much of the research on the minimum efficient scale suggests that for many firms the LRAC curve is?

Summary Problem 15-2 JAVA, INC Four-Year Selected Financial Data (adapted) Years Ended January 31, 2013-2010 -toperatin Results Net sales 13,848 $13,673 $11,63 9,0S4 6,7755,318 Cost of goods sold Interest expense Income from operations Income x expense Ner income (net loss) 8,5996,77S 9,704 109 338 100 75 45 1,4551,817 1,333 263 338 247 877 1,127 76 Cash dividends Financial Position 76 1,677 1.48:10.95:11.25:1 1.20 75 1,904 1,462 5,189 1,056 3,963 Current ratio Srockholders equiry Average number of shares of common stock 2.928 2.630 1574 3,010 outstanding (in thousands) 860 879 895 576 Dollar amounns are in thowsands Requirement Using the financial data presented above, compute the following ratios and evaluate Java's results for 2011-2013: 1. Rate of return on net sales 2. Earnings per share 3. Inventory turnover 4. Times-interest-earned ratio 5. Rate of return on common stockholders' equity 6. Gross profit percentage