ebook unprogress-false Calculator Current Position Analysis PepsiCo, Inc. (PEP), the parent company of Frito-Lay" snack foods and Pepsi beverages, had the following current assets and current Mobilities at the end of two recent years: Year 2 (in millions) Year 1 (in millions) Cash and cash equivalents $ 10,610 $9,158 Short-term investments at cost 8.900 6,967 Accounts and not receivable, net 7,024 6.694 theories 2.947 2,723 Prepaid expenses and other current assets 1,546 900 Short-term obligations (llabies) 5,485 6,892 Accounts payable and other current liabilities 15,017 14,243 a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place, Year 2 Year 1 Current ratio Quick ratio b. What conclusion can be drawn from these data