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	$2,485		$2,671
Short-term investments, at cost	1,765		4,961
Accounts and notes receivable, net	5,610		5,088
Inventories	1,305		580
Prepaid expenses and other current assets	435		215
Short-term obligations	232		2,465
Accounts payable	5,568		5,485

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