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Business, 22.10.2019 20:00 shanicar33500

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 net sales revenue (all credit) $ 1 comma 620 comma 000 cost of goods sold $ 1 comma 125 comma 000 gross profit $495,000 selling/general expenses $280,000 interest expense $42,000 net income $173,000 current assets $ 117 comma 000 $82,000 longminusterm assets $ 508 comma 000 $440,000 total assets $625,000 $522,000 current liabilities $ 61 comma 000 $52,000 longminusterm liabilities $ 271 comma 000 $245,000 common stockholders' equity $293,000 $225,000 total liabilities and stockholders' equity $625,000 $522,000 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. total dividends paid during the current year were $17,000. the market price per share of common stock is $20. what is the debt ratio for the current year? a. 1.92

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