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Markus Company's common stock sold for $3.50 per share at the end of this year. The company paid preferred stock dividends totaling $4,400 and a

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Markus Company's common stock sold for $3.50 per share at the end of this year. The company paid preferred stock dividends totaling $4,400 and a common stock dividend of $0.75 per share this year. it also provided the following data excerpts from this year's financial statements: Required: What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.)

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