Markus Company's common stock sold for $5.50 per share at the end of this year. The company paid preferred stock dividends totaling $4,400 and a common stock dividend of $1.32 per share this year. It also provided the following data excerpts from this year's financial statements:

Search Results | C X * Markus Company X D2L McGraw-Hill Con X Question 3 - FS A X * CH15-Foundation x New Tab X b Answered: A com X + V X > C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fm... [ * FS Analysis Assignment Saved Help Save & Exit Submit Check my work 3 Markus Company's common stock sold for $5.50 per share at the end of this year. The company paid preferred stock dividends totaling $4,400 and a common stock dividend of $1.32 per share this year. It also provided the following data excerpts from this year's financial statements: 10 Ending Beginning Balance Balance points Cash 54,500 47, 200 Accounts receivable 100, 000 71, 200 Inventory 79, 000 100, 900 eBook Current assets 233, 500 218, 400 Total assets 857, 000 938, 800 Print Current liabilities 91, 500 100, 500 Total liabilities 232, 000 208, 800 References Preferred stock 53, 000 53,000 Common stock, $1 par value 118, 000 118, 000 Total stockholders' equity 625, 000 730,600 Total liabilities and stockholders' equity 857,006 938, 800 This Year Sales (all on account) $1, 195, 000 Cost of goods sold 693,100 Gross margin 501,900 Net operating income 338, 250 Interest expense 16,500 Net income 199, 100 Required: What is the amount of working capital and the current ratio at the end of this year? (Round your current ratio answer to 2 decimal nlara I Mc Graw