Refer to the following selected financial information from Texas Electronics. Compute the company's acid-test ratio for Year 2. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 39,100 $ 33,850 106,000 68,000 93,500 87,500 129,000 133,000 13,700 11,300 396,000 346,000 105,400 115,800 719,000 684,000 398,000 383,000 Multiple Choice 2.26. O O 3.62. O 2.39. O 3.49