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: Cash and cash equivalents Short-term investments, at cost Current Year Previous Year (in millions) (in millions) $24,328 $15,457 6,754 3,932 Accounts and notes receivable, net 6,387 6,709 Inventories 3,251 3,241 Prepaid expenses and other current assets 1,603 1,869 Short-term obligations 6,700 3,824 Accounts payable 13,845 12,688 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 2. Quick ratio b. The liquidity of PepsiCo has this time period. The current ratio has the quick ratio has company with some over and .PepsiCo is a resources for meeting short-term obligations. Its liquidity as measured by the current and quick ratios has during this period.