Current position analysis Sherwood, Inc., the parent company of Frito-Lay snack foods and Sherwood 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 $2,313 $2,288 Short-term investments, at cost 1,643 4,249 Accounts and notes receivable, net 5,224 4,357 Inventories 2,295 3,059 Prepaid expenses and other current assets 765 1,131 Short-term obligations 245 2,598 Accounts payable 5,875 5,782 a. Determine the (1) current ratio and (2) quick ratio for both years. Round your answers to one decimal place. Current Year Previous Year 1. Currentio 2. Quick ratio: b. The liquidity of Sherwood has Increased slightly over this time period. Both the current and quick ratios have Increased Sherwood is a strong ny with ample