Refer to the following selected financial information from McCormik, LLC. Compute the company's acid-test ratio for Year 2. Cash Short-term investments Year 2 Year 1 $ 38,000 $ 32,750 95,000 62,500 82,000 Accounts receivable, net 88,000 Merchandise inventory Prepaid expenses Plant assets 123,500 127,500 12,600 10,200 390,500 340,500 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. 3.11.