Concept explainers
Quick ratio
American Eagle Outfitters Inc. (AEO) operates specialty retail stores, selling clothing such as denim, sweaters, t-shins, and fleece outerwear that targets 15 to 25 year old men and women, that targets 15 to 25 year old men and women. The following asset and liability data (in millions) were adapted from recent financial statements.
Compute the quick ratio for Years 2 and 1. Round to two decimal places.
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