merwood, Inc., the parent company of Frito-Lay snack foods and Sherwood beverages, had the following current...

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merwood, Inc., the parent company of Frito-Lay snack foods and Sherwood beverages, had the following current assets and current abilities at the end of two recent years: Current Year (in millions) Previous Year (in millions) ash and cash equivalents $2,209 $2,293 hort-term investments, at cost 1,569 4,259 ccounts and notes receivable, net 4,989 4,368 ventories 2,989 3,189 repaid expenses and other crent assets 996 1,179 hort-term obligations 319 3,385 accounts payable 7,651 7,535 - Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place. Current ratio Quick ratio Current Year Previous Year The liquidity of Sherwood has increased ncreased Sherwood is a strong quidity as measured by the current and quick ratios has improved some over this time period. Both the current and quick ratios have company with ample resources for meeting short-term obligations. Its during this period. merwood, Inc., the parent company of Frito-Lay snack foods and Sherwood beverages, had the following current assets and current abilities at the end of two recent years: Current Year (in millions) Previous Year (in millions) ash and cash equivalents $2,209 $2,293 hort-term investments, at cost 1,569 4,259 ccounts and notes receivable, net 4,989 4,368 ventories 2,989 3,189 repaid expenses and other crent assets 996 1,179 hort-term obligations 319 3,385 accounts payable 7,651 7,535 - Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place. Current ratio Quick ratio Current Year Previous Year The liquidity of Sherwood has increased ncreased Sherwood is a strong quidity as measured by the current and quick ratios has improved some over this time period. Both the current and quick ratios have company with ample resources for meeting short-term obligations. Its during this period.