Sherwood, Inc., the parent company of Frito-Lay snack foods and Sherwood 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	$3,371		$3,441
Short-term investments, at cost	2,394		6,391
Accounts and notes receivable, net	7,611		6,556
Inventories	1,584		2,111
Prepaid expenses and other current assets	528		781
Short-term obligations	282		2,988
Accounts payable	6,758		6,652

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

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