38. Refer to the following selected financial information from Fennie's, LLC. Compute the company's acid-test ratio for Year 2. Year 2 Year 1 Cash $37,500 $32,250 Short-term financial assets 90,000 60,000 Accounts receivable, net 85,500 79,500 Merchandise inventory 121,000 125,000 Prepaid expenses 12,100 9,700 Property, plant and equipment 388,000 338,000 Accounts payable 113,400 107,800 Net sales 711,000 676,000 Cost of goods sold 390,000 375,000 Multiple-Choice (2 Points) A. 2.0 B. 3.0 C. 2.3 D. 3.1 E. 1.9