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Sherwood, Inc., had the following current assets and current liabilities at the end of two recent years: Year 2 (in millions) Year 1 (in millions)

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Sherwood, Inc., had the following current assets and current liabilities at the end of two recent years: Year 2 (in millions) Year 1 (in millions) $4,869 $5,292 Cash and cash equivalents Short-term investments, at cost 3,458 9,828 Accounts and notes receivable, net 10,993 10,080 Inventories 2,070 1,840 aid expenses and other current assets 690 Short-term obligations (liabilities) 368 3,906 Accounts payable and other current liabilities 8,712 7,963 a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place. Year 2 Year 1 Current ratio Quick ratio

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