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 $1,783 $1,783 Accounts receivable 282 335 Inventory 1,997 1,830 Prepaid and other current assets 506 367 Total current assets $4,568 $4,315 Total current liabilities $2,461 $2,453 1. Compute quick assets for Years 2 and 1.: Quick Assets Year 2 Year 1 million million 2. Compute the quick ratio for Years 2 and 1. Round your answers to two decimal places.. Quick Ratio Year 2 Year 1 0.84 0.86 3. The Gap's quick assets have declined by $53 liquidity position has declined from Year 1 to Year 2. Its quick ratio declined from Year 1 to Year 2. by during Year 2. Overall, The Gap's Check My Work