PepsiCo, Inc., 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	$8,721		$10,610
Short-term investments, at cost	272		8,900
Accounts and notes receivable, net	7,142		7,024
Inventories	3,128		2,947
Prepaid expenses and other current assets	2,630		1,546
Accounts payable	18,112		15,017
Other short-term liabilities	4,026		5,485

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

	Current Year	Previous Year
1. Current ratio	1.3	1.0
2. Quick ratio	1.3	1