Answer this fully please
PepsiCo, Inc. (PEP), the parent company ofFrito-Lay snack foods and Pepsi beverages, had the followingcurrent assets and current liabilities at the end of two recentyears:
| Current Year
(in millions) | Previous Year
(in millions) |
| Cash and cash equivalents | $9,158 | | $9,096 | |
| Short-term investments, at cost | 6,967 | | 2,913 | |
| Accounts and notes receivable, net | 6,694 | | 6,437 | |
| Inventories | 2,723 | | 2,720 | |
| Prepaid expenses and other current assets | 1,547 | | 1,865 | |
| Short-term obligations | 6,892 | | 4,071 | |
| Accounts payable | 14,243 | | 13,507 | |
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 | | |
