Refer to the following selected financial information from McCormik, LLC. Compute the company's current ratio for Year2 ear Cash Short-term investments Accounts receivable, net 87,500 81,500 Merchandise inventory123,000 127,000 Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold 37,900 32,650 94,000 62,000 12,500 10,100 390,000 340,000 111,400 109,800 713,000 678,000 392,000 377,000 Multiple Choice 3.07 1.97 O 234 3. 2 2 3