Earnings per Share and Price-Earnings Ratio A company reports the following: a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of requirement a for subsequent requirement, if required. 9 b. Determine the company's price-earnings ratio. Round to one decimal place. 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 of two recent years: Current Year Previous Year (in millions) (in millions) 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 $2,4281,7255,4831,9716573508,410$2,5204,6804,8001,7526483,7208,280 a. Determine the (1) current ratio and (2) quick ratio for both years. Round answers to one decimal place. 1. Current ratio 2. Quick ratio b. The liquidity of PepsiCo has some over this time period. Both the current and quick ratios have