following selected financial information from McCormik, LLC. Compute the company's current ratio for Year 2. Cash Year 2 Year 1 $ 39,400 $ 34,150 Short-term investments 109,000 69,500 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold 95,000 89,000 130,500 134,500 14,000 11,600 347,500 397,500 103,900 117,300 720,500 685,500 399,500 384,500 Multiple Choice 2.34. 2.48. 3.73. 3.60. 2.68