I need to do a quick ratio of the following. First number is 2011 second is 2010

Question

I need to do a quick ratio of the following. First number is 2011 second is 2010
The formula that I have is Quick Ratio=Quick assets/current liabilities.

Assets
Current Assets:
Cash and Cash Equivalents $545 $1,421
Receivables, net 1,085 964
Merchandise Inventories 10,625 10,188
Other Current Assets 1,224 1,327
Total Current Assets 13,479 13,900
Property and Equipment, at cost:
Land 8,497 8,451
Buildings 17,606 17,391
Furniture, Fixtures and Equipment 9,687 9,091
Leasehold Improvements 1,373 1,383
Construction in Progress 654 525
Capital Leases 568 504
38,385 37,345
Less Accumulated Depreciation and Amortization 13,325 11,795
Net Property and Equipment 25,060 25,550
Notes Receivable 139 33
Goodwill 1,187 1,171
Other Assets 260 223
Total Assets 40,125 40,877

Liabilities and Stockholders' Equity
Current Liabilities:
Accounts Payable 4,717 4,863
Accrued Salaries and Related Expenses 1,290 1,263
Sales Taxes Payable 368 362
Deferred Revenue 1,177 1,158
Income Taxes Payable 13 108
Current Installments of Long-Term Debt 1,042 1,020
Other Accrued Expenses 1,515 1,589
Total Current liabilities 10,122 10,363
Long-Term Debt, excluding current installments 8,707 9,662
Other Long-Term Liabilities 2,135 2,140
Deferred Income Taxes 272 319
Total Liabilities 21,236 21,484

Stockholders' Equity
Common stock, par value $0.05; authorized:
10 billion shares, issued: 1.722 billion shares at January
30,2011 and 1.716 billion shares at January 31, 2010;
outstanding: 1.623 billion shares at January 30,2011
and 1.698 billion shares at January 31, 2010 86 86
Paid-In Capital 6,556 6,304
Retained Earnings 14,995 13,226
Accumulated Other Comprehensive Income 445 362
Treasury Stock, at cost,
99 million shares at January 30, 2011
and 18 million shares at January 31, 2010 (3,193) (585)
Total Stockholders' Equity 18,889 19,393
Total Liabilities and Stockholders' Equity $40,125 $40,877

Explanation / Answer

Quick assets = Cash + marketable securities + accounts Receivables For 2011, quick ratio = (545 + 1085)/10,122 = 16.1% For 2010 quick ratio = (1421 + 964)/10,363 = 23.0%

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