3 Part 3 of 6 208 points Required information The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below] Markus Company's common stock sold for $2.00 per share at the end of this year. The company paid a common stock dividend of $0.42 per share this year. It also provided the following data excerpts from this year's financial statements: eBook Print Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities: Common stock, $1 par value Total stockholders' equity Ending Balance $ 30,500 $ 52,000 $ 49,300 $131,800 $ 353,000 $ 52,500) $ 98,000 $111,000 $255,000 $ 353,000 Beginning Balance $ 46,000 $ 45,000 $ 52,000 $143,000 $318,200 $ 37,500 $ 88,200 5 111,000 $ 230,000 $318,200 Total liabilities and stockholders' equity References This Year Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income $585,000 $339,300 $ 245,700 $ 75,500 $ 4,500 $ 49,700 Foundational 14-8 (Algo) 8. What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.) Acid lest odo