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	$9,686		$4,096
Short-term investments, at cost	8,381		3,443
Accounts and notes receivable, net	7,012		7,396
Inventories	2,503		2,497
Prepaid expenses and other current assets	1,615		1,817
Short-term obligations	6,801		3,746
Accounts payable	14,054		12,430

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.

1. Determine the (1) current ratio and (2) quick ratio for both years. Round your answers to one decimal place.

   	Current Year	Previous Year
   1. Current ratio
   2. Quick ratio