20) The Amos Corporation reported the following income statement and balance sheet amounts and additional...
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Accounting
20) The Amos Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year. Inventory and prepaid expenses account for $30,000 of the current year's 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 current ratio for the current year? A) 0.23 B) 1.92 C) 0.69 D) 0.52
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