Current Position Analysis 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 tw Current Year Previous Year (in millions) (in millions) Cash and cash equivalents $3,932 $4,276 Short-term investments, at cost 2,793 7,940 Accounts and notes receivable, net 8,878 8,144 Inventories 2,229 1,486 Prepaid expenses and other current assets 743 550 Short-term obligations 297 3,156 Accounts payable 7,133 7,024 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 2. Quick ratio b. The liquidity of PepsiCo has some over this time period. Both the current and quick ratios have