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: Current Year 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 Previous Year (in millions) (in millions) $1,984 $1,888 1,409 3,506 4,479 3,596 1,476 1,969 492 728 262 2,787 6,298 6,203 a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place. Current Year 1. Current ratio 2. Quick ratio b. The liquidity of Sherwood has increased strong company with ample improved during this period. Previous Year . Sherwood is a some over this time period. Both the current and quick ratios have increased resources for meeting short-term obligations. Its liquidity as measured by the current and quick ratios has