American Eagle Outfitters Inc. (AEO) operates specialty retail stores, selling clothing such as denim, sweaters, t-shirts, and fleece outerwear that targets 15 to 25 year old men and women. that targets 15 to 25 year old men and women. The following asset and liability data (in millions) were adapted from recent financial statements.

1. Compute quick assets for Years 2 and 1.
2. Compute the quick ratio for Years 2 and 1. Round to two decimal places.
3. Analyze and assess any changes in liquidity for Years 2 and 1.

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Year 2 Year 1 Current assets: Cash Accounts receivable Inventory Prepaid and other current assets Total current assets s 411 68 279 133 $ 891 459 s 429 74 291 Total current liabilities 415