Markus Company's common stock sold for $4.75 per share at the end of this year. The company paid preferred stock dividends totaling $4,400 and a common stock dividend of $1.09 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 Preferred stock Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Ending Balance Beginning Balance $ 44,000 $ 43,200 $ 92,000 $ $ 66,200 73,300 $ 92,000 $ 209,300 $201,400 $ 750,000 $ 109,000 $ 84,000 $ 87,000 $ 210,000 $ 189,000 $ $ 50,000 $ 50,000 108,000 $108,000 $ 540,000 $ 620,000 $ 750,000 $ 809,000 Sales (all on account) Cost of goods sold Gross margin This Year $1,080,000 $ 626,400 $ 453,600 Net operating income $ 276,500 Interest expense Net income $ 14,000 $ 166,400 Required: What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.)