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 $5,509 $8,721 Short-term investments, at cost 229 2,269 Accounts and notes receivable, net 7,822 7,142 Inventories 3,338 3,128 Prepaid expenses and other current assets 747 633 Short-term obligations Accounts payable 2,920 17,541 4,026 18,112 a. 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 b. The liquidity of PepsiCo has decreased decreased insufficient PepsiCo's resources have remained constant resources to meet its short-term obligations. slightly over this time period. Both the current and quick ratios have during the time period. PepsiCo appears to have