Markus Company's common stock sold for $3.50 per share at the end of this year. The company paid a common. stock dividend of $0.63 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 Ending Balance Beginning Balance $ 35,000 $ 34,000 $ 67,500 Total liabilities $ 152,000 Common stock, $1 par value $ 133,000 $ 70,000 $ 60,700 $ 165,700 $ 557,000 $ 55,000 $ 70,000 $ 159,000 $ 586,800 $ 55,500 $136,800 $ 133,000 Total stockholders' equity $ 405,000 $ 450,000 Total liabilities and stockholders' equity $ 557,000 $ 586,800 This Year Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income $825,000 $ 478,500 $ 346,500 $194,250 $ 10,500 $128,625 8. What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.) Acid-test ratio