Accrual Basis. Obj.6 MBA 3-5 Quick ratio 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. Year 2 Year 1 Cash Current assets: $ 610 $ 536 Accounts receivable 114 Inventory Prepaid and other current assets Total current assets $1,950 Total current liabilities $1,726 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