Current Position Analysis Sherwood, Inc., had the following current assets and current liabilities at the end of two recent years: Year 2 Year 1 (in millions) (in millions) Cash and cash equivalents $3,029 $3,052 Short-term investments, at cost 2,151 5,669 6,839 Accounts and notes receivable, net 5,814 Inventories 3,182 3,537 1,308 Prepaid expenses and other current assets 1,060 Short-term obligations 3,004 283 Accounts payable and other current liabilities 6,695 6,124 Income taxes payable 92 562 a. Determine the (1 current ratio and (2) quick ratio for both years. Round to one decimal place