Current Position Analysis PepsiCo, Inc., 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: Previous Year Current Year (in millions) (in millions) Cash and cash equivalents Short-term investments, at cost $8,721 $10,610 272 8,900 Accounts and notes receivable, net 7,142 7,024 Inventories 3,128 2,947 Prepaid expenses and other current assets 2,630 1,546 Accounts payable 18,112 15,017 Other short-term liabilities. 4,026 5,485 a. Determine the (1) current ratio and (2) quick ratio for both years. Round answers to one decimal place. Current Year Previous Year 1. Current ratio 2. Quick ratio b. The liquidity of PepsiCo has over this time period. The current ratio has [ and the quick ratio has