1:21:17 Refer to the following selected financial information from Texas Electronics. Compute the company's current ratio for Year 2. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 39,200 $ 33,950 107,000 68,500 94,000 88,000 129,500 133,500 13,800 11,400 396,500 346,500 104,900 116,300. 719,500 684,500 398,500 383,500 * Multiple Choice 2.29. 3.52 2.42 2.64 80 000 < Prev 12 of 22 Next Next >