Quick ratio The Gap Inc. (GPS) operates specialty retail stores under such brand names as GAP, Old Navy, and Banana Republic. The following asset and liability data (in millions) were adapted from recent financial statements.

Current assets: Year 2 Year 1

Cash $1,515 $1,510

Accounts receivable 275 462

Inventory 1,889 1,928

Prepaid and other current assets 638 530

Total current assets $4,317 $4,430

Total current liabilities $2,234 $2,342

1. Compute quick assets for Years 2 and 1.

	Quick Assets
Year 2	$_______million
Year 1	$_______million

(Round your answers to two decimal place.)

2. Compute the quick ratio for Years 2 and 1.

	Quick Ratio
Year 2
Year 1

3. The Gaps quick assets have (inclined by 182, declined by 182, or approximately stayed the same) from Year 1 to Year 2. Its quick ratio(inclined , declined or stayed the same) from _________ in Year 1 to _______ in Year 2. Overall, The Gaps liquidity position has (inclined, declined, or approximately stayed the same) from Year 1 to Year 2.