Required information The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below.] Markus Company's common stock sold for $4.25 per share at the end of this year. The company paid a common stock dividend of $0.68 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 Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold Gross margin Net operating income This Year: $930,000 $539,400 $ 390,600 $ 240,625 Interest expense Net income $ 12,500 $ 159,688 Ending Balance $ 43,000 Beginning Balance $ 38,000 $ 60,000 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 178,000 $146,000 $ 485,000 $663,000 $ 80,000 $ 178,000 $710,200 $ 69,000 $ 160,200 $146,000 $550,000 $710,200 Foundational 14-8 (Algo) 8. What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.) Acid-test ratio