Refer to the following selected financial information from McCormik, LLC. Compute the company's current ratio for Year 2. Year 2 Year 1 Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold 39,5e0 34,250 110,000 70,000 95,500 89,500 131,000 135,000 14,100 11,700 398,000 348,000 103,400 117,800 721,000 686,000 480,800 385,00 24 43