Question: Below is select data from The Kroger Company headquartered in Cincinnati Ohio. Compute the company's acid-test ratio for Year 2. Year 2 Year 1 Cash

Below is select data from The Kroger Company headquartered in Cincinnati Ohio. Compute the company's acid-test ratio for Year 2. Year 2 Year 1 Cash $41,000 36,850 Short-term investments 90,000 90.000 Accounts receivable, net 85,500 86,250 Merchandise inventory Prepaid expenses 121,000 117,000 12,300 13,500 Plant assets 388,000 392.000 Accounts payable Net sales Cost of goods sold 113,400 711,000 400,000 112.500 710,000 396,000 3.085. O 6.506. 2.976 O 0.337. O 1.909

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