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

	Year 2		Year 1
Cash	$	38,000		$	32,750
Short-term investments		95,000			62,500
Accounts receivable, net		88,000			82,000
Merchandise inventory		123,500			127,500
Prepaid expenses		12,600			10,200
Plant assets		390,500			340,500
Accounts payable		110,900			110,300
Net sales		713,500			678,500
Cost of goods sold		392,500			377,500
Multiple Choice 1.99. 2.36. 2.11. 3.11. 3.22.