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

	Year 2	Year 1
Cash	$ 38,500	$ 33,250
Short-term investments	100,000	65,000
Accounts receivable, net	90,500	84,500
Merchandise inventory	126,000	130,000
Prepaid expenses	13,100	10,700
Plant assets	393,000	343,000
Accounts payable	108,400	112,800
Net sales	716,000	681,000
Cost of goods sold	395,000	380,000

A. 3.40

B. 2.23

C. 2.47

D. 3.27

E. 2.11