The Foundational 15 (Algo) (L014-2, L014-3, LO14-4, LO14-5, L014-6) [The following information applies to the questions displayed below) Markus Company's common stock sold for $3.50 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance Cash $ 35,000 $ 34,000 Accounts receivable $ 70,000 $ 55,000 Inventory $ 60, 700 $ 70,000 Current assets $ 165, 700 $ 159,000 Total assets $ 557,000 $ 586.800 Current liabilities $ 67,500 $ 55,500 Total liabilities $152,000 $ 136,800 Common stock, 51 par value $ 133,000 $ 133,000 Total stockholders' equity $ 405,000 $.450,000 Total liabilities and stockholders equity $ 557.000 $ 586,800 Sales (all on account) cost of goods sold Gross margin Net operating income Interest expense Net income This Year $925,000 $ 478.500 $ 346,500 $ 194,250 $ 10,500 $ 128,625 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-lest ratio