Refer to the following selected financial information from Fennie's, LLC. Compute the company's current ratio for Year 2. Year 2Year 1 Cash$ 37,900 $ 32,650 Short-term investments94,000 62,000 Accounts receivable, net87,500 81,500 Merchandise inventory123,000 127,000 Prepaid expenses12,500 10,100 Plant assets390,000 340,000 Accounts payable111,400 109,800 Net sales713,000 678,000 Cost of goods sold392,000 377,000

Anserws: 1.97, 3.07, 3.19, 2.08, or 2.34