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Refer to the following se financa Information from McCormlk LLC Compute the companys current ratio for Year 2. Year 2 Year 1 Cash 37,700 32,450

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Refer to the following se financa Information from McCormlk LLC Compute the companys current ratio for Year 2. Year 2 Year 1 Cash 37,700 32,450 Short-term investments 92,000 61,000 Accounts receivable, net 86,500 80,500 Merchandise inventory 122.000 126,000 Prepaid expenses 12,300 9,900 Plant assets 389,000 339.000 Accounts payable 112.400 108,800 Net sales 712,000 677000 Cost of goods sold 391,000 376,000 O 3.01. O 312. O 2.30 O 1.92. O 203

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