13 Seved Refer to the following selected financlal information from McCormik, LLC. Compute the company's acid-test ratio for Year 2 Year 2 $38,500 $ 33,250 100,000 Year 1 Cash Short-term investments 65,000 Accounts receivable, 90,500 84,500 net Merchandise inventory Prepaid expenses Plant assets 126,000 13,100 130,000 10,700 393,000 343,000 Accounts payable Net sales Cost of goods sold 108,400 112,800 681,000 395,000 380,000 716,000 Multiple Choice 2.47 211 2.23. 9 of 20