15 Required information [The following information applies to the questions displayed below] Markus Company's common stock sold for $3.75 per share at the end of this year. The company paid a common stock dividend of $0.60 per share this year. It also provided the following data excerpts from this year's financial statements: oed Cash Price D erences Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold Gross margin Net operating Income Interest expense Net income This Year $ 65,000 $501,700 $363,300 $ 200,250 $ 11,000 $136,675 Ending Balance $41,000 $ 74,000 $ 64,900 $ 179,900 $590,000 $ 70,500 $160,000 $139,000 $430,000 $590,000 Beginning Balance $ 36,200 $58,700 $ 74,000 5.168,900 $624,000 $ 63,000 $ 144,000 $139,000 5 480,000 $624,000 8. What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.) Acid test ratio