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 $ 39, 400 109,000 95,000 130,500 14,000 397,500 103,900 720,500 399,500 Year 1 $ 34,150 69,500 89,000 134,500 11,600 347,500 117,300 685,500 384,500 Muniple Choice 2.48 268 o 2.34 3.73 3,60