what are the quick ratio?

Sherwood, Inc., had the following current assets and current liabilities at the end of two recent years: Year 2 Year 1 millions) millions) $1,985 $1,917 Cash and cash equivalents 1,410 3,561 Short-term investments, at cost Accounts and notes receivable, net 4,483 3,652 2,727 3,030 Prepaid expenses and other current 909 120 assets Short-term obligations 242 2,573 Accounts payable and other current 5,739 5,246 liabilities Income taxes payable 481 a. Determine the (1) current ratio and (2 quick ratio for both years. Round to one decimal place. Year 2 Year 1 urrent ratio 1.9 1.6 1.50 3 1.300 3 Quick ratio