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 $ 39,500 $ 34,250 110,000 70,000 95,500 89,500 131,000 135,000 14,100 11,700 398,000 348,000 103,400 117,800 721,000 686,000 400,000 385,000