eBook Show Me How Office 365 Current position analysis PepsiCo, Inc. (PEP), 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 $11,935 $6,641 8,188 3,651 Accounts and notes receivable, net 6,332 6,819 Inventories 3,151 3,138 Prepaid expenses and other current assets 1,572 1,940 Short-term obligations 6,964 3,923 Accounts payable 14,391 13,015 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below Open spreadsheet a. Determine the (1) current ratio and (2) quick ratio for both years. Round your answers to one decimal place. 1. Current ratio Current Year Previous Year The current ratio has and the quick ratio has