Current position analysis PepsiCo, Inc. (PEP), the parent company of Frito-Lay snack foods and Pepsi 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 $21,834 $12,650 Short-term investments, at cost 7,969 3,157 Accounts and notes receivable, net 7,709 8,137 Inventories 3,353 3,339 Prepaid expenses and other current assets 1,530 1,612 Short-term obligations 7,054 3.895 Accounts payable 14,576 12,923 This information has been collected in the Microsoft Excel Online nie. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. . Open spreadsheet a. Determine the (1) current ratio and (2) quick ratio for both years found your answers to one decimal place Previous Year Current Year 1.96 X 1. Current ratio 1.73 X 2. Quick to 1.80 x 1.53 X w this time seriod. The current ratio has increased and the quick ratio has increased Pesos