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 Previous Year (in millions) (in millions) Cash and cash equivalents $7,706 $5,462 Short-term investments, at cost 320 364 6,785 6,655 Accounts and notes receivable, net Inventories Prepaid expenses and other current assets 3,749 4,007 1,563 2,233 Short-term obligations 4,823 6,269 Accounts payable 12,296 12,071 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. Current Year Previous Year 1. Current ratio 2. Quick ratio company with B. The liquidity of PepsiCo has some over this time period. The current ratio has and the quick ratio has resources for meeting short-term obligations. Its liquidity as measured by the current and quick ratios has PepsiCo is a during this period