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

	Year 2			Year 1
Cash	$	39,000		$	33,750
Short-term investments		105,000			67,500
Accounts receivable, net		93,000			87,000
Merchandise inventory		128,500			132,500
Prepaid expenses		13,600			11,200
Plant assets		395,500			345,500
Accounts payable		105,900			115,300
Net sales		718,500			683,500
Cost of goods sold		397,500			382,500