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Help Refer to the following selected financial information from McCormik, LLC. Compute the company's current ratio for Year 2 Cash Short-term investments Accounts receivable, net
Help Refer to the following selected financial information from McCormik, LLC. Compute the company's current 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 $ 38,300 $ 33,050 98,000 64,000 89, 500 83,500 125,000 129,000 12,900 10,500 392,000 342,000 109,400 111,800 715,000 680,000 394,000 379,000 Multiple Choice 2.43 3.32 Oo oo 218 206
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