Refer to the following selected financial information from Texas Electronics. Compute the company's acid-test ratio for Year 2. Year 2 Year 1 Cash Short-term investments $ 39,400 $ 34,150 109,000 69,500 Accounts receivable, net 95,000 89,000 Merchandise inventory 130,500 134,500 Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold 14,000 11,600 397,500 347,500 103,900 117,300 720,500 685,500 399,500 384,500 Multiple Choice 2.68. 2.48. 3.73