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Refer to the following selected financial Information from McCormik, LLC. Compute the company's current ratio for Year 2 Cash Short-term investments Accounts receivable, net
Refer to the following selected financial Information from McCormik, LLC. Compute the company's current ratio for Year 2 Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 37,800 $ 32,550 93,000 61,500 81,000 87,000 122,500 126,500 12,400 10,000 389,500 339,500 111,900 109,300. 712,500 677,500 391,500 376,500 Multiple Choice O 232 O 304 O SE 315 206 O 195
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