GameStop Corporation has over 6,000 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 working capital for Years 2 and 1.
2. Compute the current ratio for Years 2 and 1. Round to one decimal place.
3. Compute the quick ratio for Years 2 and 1. Round to one decimal place.
4. Analyze and assess any changes in liquidity for Years 2 and 1.
5. Comment on any competitive pressures that you think GameStop may beexperiencing.

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Year 2 Year 1 Current assets Cash Accounts receivable nventory Prepaid and other current assets 711 94. 1,258 92 $2,155 $1,748 655 109 1,137 96 $1,997 $1,634 Total current assets Total current liabilities