BOOK Current Position Analysis PepsiCo, Inc. (PEP), the parent company of Frito-LayTM snack foods and Pepsi beverages, had the followin end of two recent years: Year 2 (in millions) $ 10,610 Year 1 Cash and cash equivalents Short-term investments, at cost Accounts and notes receivable, net Inventories 2,947 Prepaid expenses and other current assets 1,546 Short-term obligations (liabilities) 5,485 Accounts payable and other current liabilities 15,017 a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place. Year 2 8,900 Year 1 (in millions) 7,024 $9,158 6,967 6,694 2,723 908 6,892 14,243