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Refer to the following selected financial information from Texas Electronics Compute the company's current ratio for Year 2 Cash Short-term investments Accounts receivable, net

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Refer to the following selected financial information from Texas Electronics Compute the company's current ratio for Year 2 Cash Short-term investments Accounts receivable, net Merchandise inventory Year 2 $ 38,600 101,000 91,000 Year 1 $ 33,350 65,500 85,000 126,500 130,500 Prepaid expenses 13,200 10,800 Plant assets 393,500 343,500) Accounts payable 107,900 113,300 Net sales 716,500 681,500 Cost of goods sold 395,500 380,500

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