Carent Pn Analysis Sherwood, Inc., the parent company of Frito Lay wack foods and therwood beverages, had the following cuments and current brities at the end of trecent Current Year Previous Year (in millions) (in millions) Cash and cash equivalents Short term investment, at cost $2,718 1,031 4,994 Accounts and notes receivable, net 6,136 5,122 Inventories 1,618 2,157 Prepaid expenses and other current assets 539 200 Short-term obligations 288 3,054 Accounts payable 6,902 6,796 a. Determine the (1) current ratio and (2) quick robo for both years. Round to one decimal place 1. Current ratio Current Year 0.3 X Previous Year 2. Quick ratio 5 x 0.4 X 4.3 X b. The liquidity of Sherwood has increased some over the time period. Both the current and quick rities have increased Sherwood is a strong meeting short-term obligations. Its liquidity as measured by the current and quick rates has improved mpany with during this petiof