Operating results 2013 2012 2011 2010

Net sales 13,848 13,673 11,635 9,054

Cost of goods sold 9,704 8,599 6,775 5,318

Interest expense 109 75 45 46

Income from operations 338 1,455 1,817 1,333

Income tax expense 100 263 338 247

Net income (net loss) (8) 877 1,127 824

Cash dividends 76 75 76 77

Financial Position

Merchandise inventory 1,677 1,904 1,462 1,056

Total assets 7,591 7,012 5,189 3,963

Current ratio 1,48:1 0,95:1 1,25:1 1,20:1

Stockholders equity 3,010 2,928 2,630 1,574

Average number of shares of co.stok

Outstanding (in thousands) 860 879 895 576

REQUIREMENT:

Using the financial data presented above , compute the following ratios and evaluate Javas 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.