following selected financial information from McCormik, LLC. Compute the company's acid-test ratio for Year 2. Year 2 Year 1 $ 38,600 $ 33,350 Cash Short-term investments Accounts 101,000 65,500 receivable, net 91,000 85,000 Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales 126,500 130,500 10,800 343,500 13,200 393,500 107,900 113,300 716,500 681,500 Cost of goods sold 395,500 380,500 Multiple Choice 2.14. 3.43. 2.50. 2.26. 3.31