pepsico, inc., the parent company of frito-lay snack foods and pepsi 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 $6,297 $4,067 short-term investments, at cost 322 358 accounts and notes receivable, net 7,041 6,912 inventories 3,581 3,827 prepaid expenses and other current assets 1,479 2,277 short-term obligations 4,815 6,205 accounts payable 12,274 11,949 a. determine the (1) current ratio and (2) quick ratio for both years. round answers to one decimal place. current year previous year 1. current ratio fill in the blank 1 fill in the blank 2 2. quick ratio fill in the blank 3 fill in the blank 4 b. the liquidity of pepsico has slightly over this time period. the current ratio has and the quick ratio has . pepsico appears to have resources to meet its short-term obligations, and these resources have during this time period.