Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 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 Ending Balance Beginning Balance $ 35,000 $30,000 $ 60,000 $ 50,000 $ 55,000 $60,000 $ 150,000 $140,000 $450,000 $460,000 $ 60,000 $ 40,000 $ 130,000 $120,000 $120,000 $120,000 $ 320,000 $340,000 Total liabilities and stockholders' equity $450,000 $460,000 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $700,000 $ 400,000 $300,000 $ 140,000 $ 8,000 $ 92,400 Foundational 14-8 8. What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.)