Refer to the following selected financial information from Texas Electronics.
-Compute the company's current ratio for Year 2.
Definitions:
Contribution Margin
The amount remaining from sales revenue after variable expenses have been deducted, indicating how much contributes to the fixed costs and profits.
Scatter Diagram
A graph used in statistics to visually display and assess the possible relationship between two numerical variables.
Visual Line Fit
A method in statistical analysis where a line is visually fitted to a set of data points to assess a potential relationship.
Scatter Diagrams
are graphical representations used in statistics to show the relationship between two variables, displaying data points on a two-dimensional plot.
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