eBook American Eagle Outfitters Inc. (AEO) operates specialty retail stores, selling clothing such as denim, sweaters, t-shirts, and fleece outerwear that targets 15-to-25- year-old men and women. The following asset and liability data (in millions) were adapted from recent financial statements. Current assets: Year 2 Year 1 Cash $414 $379 Accounts receivable 78 87 Inventory 398 358 Prepaid and other current assets 78 78 Total current assets $968 $902 Total current liabilities $485 $494 1. Compute quick assets for Years 2 and 1. Year 2 Quick Assets million Year 1 million 2. Compute the quick ratio for Years 2 and 1. Round your answers to two decimal places. Year 2 Year 1 Quick Ratio 3. American Eagle Outfitters quick assets ( by $ Year 2. Overall, American Eagle Outfitters' liquidity position has million during Year 2. Its quick ratio from Year 1 to Year 2.1 Check My Work during Previous Next Email Instructor Save and Ext Submit Assignment for Grading