The condensed balance sheet and income statement for Marjoram Company are presented below.

MARJORAM COMPANY
Balance Sheet
At December 31, 2021
Cash	$	25,000
Notes receivable (due August 15, 2022)		41,000
Accounts receivable (net)		50,800
Merchandise inventory		74,200
Property, plant, and equipment (net)		310,000
Intangible assets		14,800
Total assets	$	515,800
Current liabilities	$	120,200
Bonds payable(12%) (long-term)		105,000
Common stock		60,000
Retained earnings		230,600
Total liabilities and equity	$	515,800

MARJORAM COMPANY
Income Statement
For the Year ended December 31, 2021
Sales	$	884,000
Cost of goods sold		482,400
Gross profit	$	401,600
Operating expenses		180,600
Operating income	$	221,000
Interest expense		12,600
Income before income tax	$	208,400
Income tax expense		62,520
Net income	$	145,880

Required: Compute the acid-test ratio for Marjoram Company. (Round your answer to 2 decimal places.)