PepsiCo, Inc., the parent company of Frito-LayTM snack foods and Pepsi beverages, had the following current assets

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PepsiCo, Inc., the parent company of Frito-LayTM snack foods and Pepsi beverages, had the following current assets and current liabilities at the end of two recent years:

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a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place.b. What conclusions can you draw from thesedata?

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