Mc Graw Hill 11 Refer to the following selected financial information from Texas Electronics. Compute the company's acid-test ratio for Year 2. Year 2 Year 1 2 points Cash Short-term investments Accounts receivable, net Merchandise inventory $ 39,200 $ 33,950 107,000 68,500 94,000 88,000 129,500 133,500 02:02:39 Prepaid expenses 13,800 11,400 Plant assets 396,500 346,500 Accounts payable 104,900 116,300 Net sales 719,500 684,500 Cost of goods sold 398,500 383,500 Multiple Choice O 2.42 2.64 3.52 < Prev 11 of 46 Next >