Refer to the following selected financial information from McCormik, LLC. Compute the company's acid-test ratio for Year 2 Year Year Cash 38,000 32,750 95,000 62,580 88,000 82,000 123,500 127,500 12,600 10,200 390,500 340,500 110,900 110,300 713,500 678,500 392,500 377,500 Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Multiple Choice 311 392,500 377,500 Cost of goods sold Multiple Choice 3.11 1.99 2.36