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 two recent years: Current Year Previous Year (in millions) (in millions) Cash and cash equivalents $2,417 $2,259 Short-term investments, at cost 1,717 4,194 Accounts and notes receivable, net 5,458 4,302 Inventories 1,308 872 Prepaid expenses and other current assets 436 322 Short-term obligations 349 3,705 Accounts payable 8,371 8,245 3. 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 increased some over this time period. Both the current and quick ratios have increased