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Refer to the following selected financial Information from Texas Electronics. Compute the company's Current ratio for Year 2. Year 2 Year 1 Cash $ 38,000 $ 32,750 Short-term investments 95,000 62, 500 Accounts receivable, net 88,000 82,900 Merchandise inventory 123, 500 127, 500 Prepaid expenses 12, 600 10, 200 Plant assets 390, 500 340, 500 Accounts payable 110,906 110,300 Net sales 713,500 678,500 Cost of goods sold 392, 500 377,500