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	$2,459		$2,407
Short-term investments, at cost	1,747		4,469
Accounts and notes receivable, net	5,552		4,584
Inventories	2,091		2,091
Prepaid expenses and other current assets	697		774
Short-term obligations	279		2,961
Accounts payable	6,691		6,589

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	fill in the blank	fill in the blank
2. Quick ratio	fill in the blank	fill in the blank