GameStop Corporation (GME) has over 6,500 retail stores worldwide and sells new and used video games. 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.
4. Comment on any competitive pressures that you think GameStop may be experiencing.

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Year 2 Year1 Current assets: Cash Accounts receivable Inventory Prepaid and other current assets Total current assets S 610 536 85 1,199 130 1,950 $1,726 114 1,145 194 $2,063 $1,640 Total current liabilities