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  3. the amos corporation reported the following income

The Amos Corporation reported the following income statement and balance sheet amounts and additional information...

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The Amos Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year. End of curent year End of prior year $1,320,000 S825,000 $495,000 S280.000 $42,000 $173,000 Net sales revenue (all credit) Cost of goods sold Gross profit Selling/general expenses Interest expense Net Income $82,000 $440,000 S522,000 Current assets Long term assets Total assets S114,000 $511,000 5625,000 Total assets Current liabilities Long-term liabilities Common stockholders' equity Total liabilities and stockholders' equity S625,000 $58,000 S274,000 S293.000 $625,000 S522,000 52.000 S245,000 S225,000 $522,000 Inventory and prepaid expenses account for $30,000 of the current years current assets. Average inventory for the current year is $36,250 Average net accounts receivable for the current year is $45,000 There are 35,000 shares of common stock outstanding Total dividends paid during the current year were $17,000 The market price per share of common stock is $20 What is the acid-test ratio for the curent year? OA. 11.58 O B. 1.52 O C. 1.45 O D. 0.63

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