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PepsiCo, Inc. ( PEP ) , the parent company of Frito - Lay snack foods and Pepsi beverages, had the following current assets and current

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(in millions) Previous Year(in millions)
Cash and cash equivalents $21,563 $15,013
Short-term investments, at cost 6,4993,858
Accounts and notes receivable, net 7,1277,652
Inventories 3,8343,819
Prepaid expenses and other current assets 1,6741,800
Short-term obligations 7,1354,068
Accounts payable 14,74513,496
Determine the (1) current ratio and (2) quick ratio for both years. Round your answers to one decimal place.

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