Markus Company$$s common stock sold for $$1\mathrm{.}50$ per share at the end of this year. The company paid a common stock dividend of $$0\mathrm{.}39$ per share this year. It also provided the following data excerpts from this year$$s financial statements:

Ending Balance Beginning Balance

Cash $ $24,500$ $ $40,800$

Accounts receivable $ $42,000$ $ $38,800$

Inventory $ $42,400$ $ $42,000$

Current assets $ $108,900$ $ $121,600$

Total assets $ $302,000$ $ $242,800$

Current liabilities $ $46,500$ $ $31,500$

Total liabilities $ $92,000$ $ $82,800$

Common stock, $$1$ par value $ $107,000$ $ $107,000$

Total stockholders$$ equity $ $210,000$ $ $160,000$

Total liabilities and stockholders$$ equity $ $302,000$ $ $242,800$

This Year

Sales $($all on account$)$ $ $480,000$

Cost of goods sold $ $278,400$

Gross margin $ $201,600$

Net operating income $ $32,500$

Interest expense $ $2,000$

Net income $ $21,350$

$8.$ What is the acid$-$test ratio at the end of this year?

$9.$ What is the accounts receivable turnover and the average collection period? $($Use $365$ days in a year. Round your intermediate and final answers to $2$ decimal places$\mathrm{.}10.$ What is the inventory turnover and the average sale period? $($Use $365$ days in a year. Round your intermediate and final answers to $2$ decimal places.$)$

$11.$ What is the company$$s operating cycle? $($Use $365$ days in a year. Round your intermediate and final answer to $2$ decimal places.$)$