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 Previous Year (in millions) (in millions) Cash and cash equivalents $5,145 $5,338 Short-term investments, at cost 3,654 9,914 Accounts and notes receivable, net 11,617 10,168 Inventories 3,480 4,639 Prepaid expenses and other current assets 1,160 1,716 Short-term obligations 371 3,940 Accounts payable 8,909 8,770 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 b. The liquidity of Sherwood has some over this time period. Both the current and quick ratios have Sherwood is a company with resources for meeting short-term obligations. Its liquidity as measured by the current and quick ratios has during this period. Nayt