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Question Completion Status: The Amos Corporation reported the following income statement and balance sheet amounts and additional Information for the end of the current year.

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Question Completion Status: The Amos Corporation reported the following income statement and balance sheet amounts and additional Information for the end of the current year. End of prior year Net sales revenue (all credit) Cost of goods sold Gross profit Selling/general expenses End of current year $1,420,000 $925,000 $495,000 $280,000 $42,000 $173,000 Interest expense Net Income Current assets Long-term assets $82,000 $440,000 $622,000 Total assets Current liabilities $115,000 $510,000 $625,000 $59,000 $273,000 $293,000 $625,000 52,000 Long-term liabilities Common stockholders' equity Total abilities and stockholders' equity $245,000 $225,000 $622,000 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. Question Completion Status: Net Income Current assets Long-term assets Total assets Current liabilities $115,000 $510,000 $625,000 $59,000 $273,000 $293,000 $825,000 $82,000 $440,000 $522,000 $2,000 $245,000 $225,000 $622,000 Long-term liabilities Common stockholders' equity Total liabilities and stockholders' equi 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 What is the acid-test ratio for the curr

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