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: Current Year Previous Year (in millions) (in millions) Cash and cash equivalents $1,722 $1,404 Short-term investments, at cost 1,223 2,607 Accounts and notes receivable, net 3,887 2,674 Inventories 3,660 4,880 Prepaid expenses and other current assets 1,220 1,805 Short-term obligations 390 4,145 Accounts payable 9,370 9,225 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 some over this time period. Both the current and quick ratios have