Care Pt A PepsiCo, Inc., the parent company of Frito-Lay snack foods and Pepsi beverages, had the following current assets and current Cash and cash equivalent Short-term investments, at Current Previous Year (im Year millions) millions) $2,201 $2,285 es at the end of two recent years 1563 4,243 Accounts and metes 4,970 4,352 Ivertones 1,787 794 Prepaid expenses and uther 595 294 Quent Short-term obligations Accounts payable 31 7,622 3,373 7,507 Determine the (1) cument ratio and (2) quick ratio for both years. Round answers to one decimal place. 1. Current ratio 2 Quick Current Year Previous Year b. The Squidity of PepsiCo has increased some ver this time period. Both the current and quick ratios have increased Check My Work a.1. Divide comment assets by current 3. Ovide quick assets by surrent labies Quick assets are cash, temporary memes, and receivables b. Consider the relationship of the accounts invived Chuck My Work 43 28 W E 64 R 45 tv s 6 B& 27 8 8 T Y U 6