Current Position Analysis Sherwood, Inc., the parent company of Tasty snack foods and Super beverages, had the following current assets and current liabilities at the end of two recent years: Cash and cash equivalents Short-term investments, at cost Accounts and notes receivable, net Inventories Prepaid expenses and other current assets Short-term obligations Accounts payable Current Year Previous Year (in millions) (in millions) $1,547 $1,589 1,099 2,952 3,494 3,028 1,842 1,228 614 454 246 2,607 5,894 5,803 a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place. 1. Current ratio 2. Quick ratio Current Year Previous Year b. The liquidity of Sherwood has . Sherwood is a some over this time period. Both the current and quick ratios have company with i obligations. Its liquidity as measured by the current and quick ratios has ( resources for meeting short-term during this period