PepsiCo, Inc. (PEP), the parent company of Frito-Lay^TM snack foods and Pepsi beverages, had the following current assets and current liabilities at the end of two recent years:

	Year 2 (in millions)		Year 1 (in millions)
Cash and cash equivalents	$ 10,610		$ 9,158
Short-term investments, at cost	8,900		6,967
Accounts and notes receivable, net	7,024		6,694
Inventories	2,947		2,723
Prepaid expenses and other current assets	1,546		908
Short-term obligations (liabilities)	5,485		6,892
Accounts payable and other current liabilities	15,017		14,243

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

	Year 2	Year 1
Current ratio	fill in the blank 1	fill in the blank 2
Quick ratio	fill in the blank 3	fill in the blank 4