Compute the (1) current ratio and the (2) quick ratio for Nike, Inc. using the following excerpt from the balance sheet reported in a recent \(10-\mathrm{K}\) of Nike, Inc.

At May 31 (in millions) Current assets 2015 At May 31 (in millions) 2015 Current liabilities Cash and equivalents. $ 3,852 Current portion of long-term debt... $ 107 Short-term investments. 2,072 Notes payable.. 74 Accounts receivable, net. 3,358 Accounts payable 2,131 Inventories 4,337 Accrued liabilities 3,951 Deferred income taxes 389 Income taxes payable. 71 Prepaid expenses and other current assets... 1,968 Total current assets $15,976 Total current liabilities.. $ 6,334