1:50 1216 95% 5 HO + : 0 The Amos Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year. 24) End of prior year Net sales revenue (all credit) Cost of goods sold Gross profit Selling/general expenses Interest expense Net Income End of current year $1,520,000 $1,025,000 $495,000 $280,000 $42,000 $173,000 Current assets Long-term assets Total assets Current liabilities Long-term liabilities Common stockholders' equity Total liabilities and stockholders' equity $113,000 $512,000 $625,000 $57,000 $275,000 $293.000 $625,000 $82,000 $440,000 $522,000 $52.000 $245,000 $225,000 $522,000 A Inventory and prepaid expenses account for $30,000 of the current year's current assets Average inventory for the current year is $53,250. 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 Asit What is the inventory turnover for the current year? A) HRS B) 1.48 times C) 28.54 times D) 0.05 times 7.65 times 25) Actual overhead costs incurred throughout the month are to the Manufacturing Overhead Control account A) divided B) subtracted C) multiplied D) cancelled E) added 17 25) V B o