Refer to the following selected financial information from Fennie's, LLC. Compute the company's current ratio for Year 2. Year 2

Year 1 Cash$ 39,400 $ 34,150 Short-term investments109,000 69,500 Accounts receivable, net 95,000 89,000 Merchandise inventory130,500 134,500 Prepaid expenses14,000 11,600 Plant assets397,500 347,500 Accounts payable103,900 117,300 Net sales720,500 685,500 Cost of goods sold399,500 384,500

3.60.

2.68.

2.34.

2.48.

3.73.