3 Required information Part 3 of 6 2.08 points 04:3102 eBook Print References 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 $4.00 per share at the end of this year. The company paid a common stock dividend of $0.80 per share this year. It also provided the following data excerpts from this year's financial statements: Cash 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 set operating income Interest expense Net income This Year $900,000 $522,000 $ 378,000 $220,000 $12,000 $151,200 Ending Balance $ 45,500 $82,000 $ 67,600 $ 195,100 $648,000 $ 72,500 $ 180,000 $145,000 $460,000 $ 648,000 Beginning Balance $ 39,200 $ 61,200 $82,000 $ 102,400 $689,200 $ 73,500 $169,200 $145,000 $520,000 $689,200 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-test ratio Chec