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Liquidity Analyses for Kellogg's and General Mills The following information was summarized from the balance...

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Liquidity Analyses for Kellogg's and General Mills The following information was summarized from the balance sheets included in the Form 10-K for the 2015 fiscal year of Kellogg Company and Subsidiaries at January 2, 2016, and General Mills, Inc. and Subsidiaries at May 31, 2015: Kellogg's General Mills 5251 1.250 (in millions) Cash and cash equivalents Accounts receivable, net Inventories Deferred income taxes Prepaid expenses and other current assets Total current assets Total current liabilities "Described as "receivables" by General Mills Described as "other current assets" by Kellogg's. $3,236 $5,739 $3,785 $4,690.1 Required: 1. Using the information provided, compute the following for each company at the end of 2015: Round your answers to two decimal places. Kellogg's General Mills a. Current ratio b. Quick ratio 0.56 0.50 to 1 to: 0.77 0.68 to 1 to 1 X X

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