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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 current

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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 current year End of prior year $1,220,000 S725,000 $495,000 $282,500 $42,000 S170,500 Net sales revenue (all credit) Cost of goods sold Gross profit Sellinggeneral expenses Interest expense Net Income Current assets Long-term assets Total assets $82,000 $440,000 S522,000 S113,000 $512,000 S625,000 3625,UUU $57,000 $275,000 S293,000 S625,000 lotai assets Current liabilities Long-term liabilities Common stockholders' equity Total liabilities and stockholders' equity 3522,0UU $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 rate of return on total assets for the current year? A. 37.05% B. 20.73% C. 59.43% D. 22.07%

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