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Compute the company current ratio

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Refer to the following selected financial information from Fennie's, LLC. Compute the company's current ratio for Year 2.

Year 2 Year 1
Cash $ 39,200 $ 33,950
Short-term investments 107,000 68,500
Accounts receivable, net 94,000 88,000
Merchandise inventory 129,500 133,500
Prepaid expenses 13,800 11,400
Plant assets 396,500 346,500
Accounts payable 104,900 116,300
Net sales 719,500 684,500
Cost of goods sold 398,500 383,500
3.66.
2.42.
2.64.
3.52.
2.29.

Reference no: EM13499961

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