Current Position Analysis o * Sherwood, Inc., the parent company of Tasty snack foods and Super beverages, had the following current assets and current liabilities at the end of two recent years: Current Year Previous Year (in millions) (in millions) Cash and cash equivalents $2,714 $2,686 Short-term investments, at cost 1,928 4,989 Accounts and notes receivable, net 6,128 5,117 Inventories 1,616 2,155 Prepaid expenses and other current assets 538 797 Short-term obligations 287 3,050 Accounts payable 6,893 6,790 a. Determine the (1) current ratio and (2) quick ratio for both years, Round to one decimal place Current Year Previous Year 1. Current ratio 2. Quick ratio b. The liquidity of Sherwood has some over this time period. Both the current and quick ratios have Sherwood is a company with resources for meeting short-term obligations. Its liquidity as measured by the current and quick ratios has during this period