Refer to the following selected financial information from Texas Electronics. Compute the company's current ratio for Year 2. Year 2 Year 1 Cash Short-term investments Accounts receivable, net Merchandise inventory $ 38,600 $ 33,350 101,000 65,500 91,000 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 Multiple Choice 3.43. 2.50. 3.31.