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 $8,721 $10,610 272 8,900 7,142 7,024 3,128 2,947 Short-term investments, at cost Accounts and notes receivable, net Inventories Prepaid expenses and other current assets Accounts payable Other short-term liabilities 2,630 1,546 18,112 15,017 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 1.0 1.5 2. Quick ratio 1.0 X 1.0 X b. The liquidity of PepsiCo has decreased over this time period. The current ratio has decreased and the quick ratio has decreased