eBook American Eagle Outfitters Inc. (AEO) operates specialty retail stores, selling clothing such as denim, sweaters,...

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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 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