GameStop Corporation (GME) has over 7,000 retail stores worldwide and sells new and used video games. The following asset and liability data (in millions) were adapted from recent financial statements.

		Year 2		Year 1
Current assets:
Cash		$864		$669
Accounts receivable		183		221
Inventory		1,367		1,122
Prepaid and other current assets		125		129
Total current assets		$2,539		$2,141
Total current liabilities		$1,916		$1,762

1. Compute quick assets for Years 2 and 1. Quick Assets Year 2 $ million Year 1 $ million 2. Compute the quick ratio for Years 2 and 1. Round your answers to two decimal places. Quick Ratio Year 2 Year 1 3. GameStop's quick assets have increased during Year 2. Its quick ratio increased during Year 2. GameStop's liquidity and ability to cover its financial obligations has increased during Year 2. 4. Competitive pressures that GameStop may be experiencing are: a. Games that can be downloaded from online sources. b. Large retailers like Amazon.com, Costco, Best Buy, and Walmart. C. Large computer companies like Microsoft and HP. d. GameStop does not experience any competitive pressures. a and b