Markus Company's common stock sold for $5.25 per share at the end of this year. The company paid preferred stock dividends totaling $4,400 and a common stock dividend of $1.24 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 $ 44,200 $ $ 49,000 92,000 68,700 $ 76,300 $ 92,000 $217,300 $ 204,900 $ 801,000 $ 875,480 $ 85,500 $ 90,000 $ 206,000 $ 185,400 $ 51,000 $ 51,000 $ 114,000 $ 114,000 $ 595,000 $ 690,000 $ 801,000 $ 875,400 Sales (all on account) Cost of goods sold i Gross margin Net operating income. Interest expense Net income This Year $1,095,000 $ 635,100 $ 459,900 $ 313,875 $ 15,500 $ 186,800 Required: What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.) Acid-test ratio