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Compute each companys 2019 Current Ratio, and Acid Test ratio. Current Ratio = Current Assets Current Liabilities Acid Test Ratio = (Cash + Marketable Securities

  1. Compute each companys 2019 Current Ratio, and Acid Test ratio.

Current Ratio = Current Assets Current Liabilities

Acid Test Ratio = (Cash + Marketable Securities + Accounts Receivable + Short-Term Notes Receivable) Current Liabilities

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Consolidated Balance Sheets Assets S 4,239 6,048 4,951 2.569 9,281 4,686 2018 $ 66,832 34,432 19,037 2017 $ 65,058 32,638 18,654 4.738 CURRENT ASSETS Cash and cash equivalents Available for sale investment securities Accounts receivable INVENTORIES Materials and supplies Work in process Finished goods Total inventories Prepaid expenses and other current assets TOTAL CURRENT ASSETS PROPERTY, PLANT AND EQUIPMENT, NET GOODWILL TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET OTHER NONCURRENT ASSETS TOTALASSETS Consolidated Statements of Earnings Amounts in millions encept per share amounts Years ended June 30 NET SALES Cost of products sold Selling general and administrative expense Goodwill and indefinite lived intangibles impairment charges OPERATING INCOME Interest expense Interest income Other non-operating income expense), net EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES Income taxes on continuing operations NET EARNINGS FROM CONTINUING OPERATIONS NET EARNINGS FROM DISCONTINUED OPERATIONS NET EARNINGS Less: Net earnings attributable to noncontrolling interests NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE 2.218 2019 $ 67,684 34,768 19,084 8.345 5,487 509 220 871 6,069 2,103 3.966 13,363 506 247 13,766 465 1 71 1,289 1,335 612 588 3,116 2,815 5,017 2.046 22,473 23,320 21,271 20,600 40,273 45,175 24,215 23,902 6,863 5,313 115,095 $ 118,310 222 (215) 13,326 3,465 9.861 13,257 3,063 10.194 S 5.217 3.966 9.861 1 5411 S S S 3.897 $ 9,750 S 15 326 11.260 9,054 9.697 30,011 20.395 10,344 7,470 10.423 28,237 20,863 6,163 10.164 65,427 6999 10.211 67,516 BASIC NET EARNINGS PER COMMON SHARE: Earnings from continuing operations $ 1.45 $ 3.75 $ 3.79 Earnings from discontinued operations 2.01 BASIC NET EARNINGS PER COMMON SHARE $ 1.45 3.75 S 5.80 DILUTED NET EARNINGS PER COMMON SHARE: Earings from continuing operations S 1.43 $ 3.67 $ 3.69 Earings from discontinued operations . 1.90 DILUTED NET EARNINGS PER COMMON SHARE $ 1.43 $ 3.67 S 5.59 " Basie net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Cile Libilities and Shareholders' Equity CURRENT LIABILITIES Accounts payable Accrued and her liabilities Debt dae within one year TOTAL CURRENT LIABILITIES LONG-TERM DEBT DEFERRED INCOME TAXES OTHER NONCURRENT LIABILITIES TOTAL LIABILITIES SHAREHOLDERS' EQUITY Convertible Class A preferred stock, med value $1 per share (600 shares authorized) Non-Voting Class preferred stock, stated value Si per share (200 shares authorized) Common stock, stated valge S1 per share (10.000 shares authorized shares issued 2019-4,009.2, 2018 - 4,009.2) Additional paid-in capital Reserve for ESOP debt retirement Accumulated her comprehensive income flos) Treasury slock, al cos(shares held: 2019. 1.504.5, 2018-1.5112) Retained earnings Nuncontrolling interest TOTAL SHAREHOLDERS' EQUITY TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 928 967 4,009 63,827 (14,936) (100,406) 94,918 385 47,579 115,095 5 4,009 63,846 (1.204) (14,749) 199,217) 98,641 590 $2,883 118,310 $ Consolidated Statements of Earnings GENERAL MILLS, INC. AND SUBSIDIARIES (In Millions, Except per Share Data) Consolidated Balance Sheets GENERAL MILLS, INC. AND SUBSIDIARIES (in Millions, Except Par Value) May 26, 2019 May 27, 2018 $ 2019 16,865.2 11,108.4 Fiscal Year 2018 $ 15,740.4 10,304.8 2,850.1 Net sales Cost of sales Selling, general, and administrative expenses Divestitures loss Restructuring, impairment, and other exit costs S 2017 $ 15,619.8 10,052.0 2,888.8 6.5 180.4 2,935.8 30.0 275.1 450.0 1,679.7 1,559.3 497.5 4,186.5 3,787.2 13,995.8 7.166.8 974.9 30,111.2 399.0 1,684.2 1,642.2 398.3 4,123.7 4,047.2 14.065.0 7,445.1 9430 30,624.0 165.6 S Operating profit Benefit plan non-service income Interest, net 2,515.9 (87.9) 521.8 2,419.9 (89.4) 373.7 2,492.1 (74.3) 295.1 S Earnings before income taxes and after-tax earnings from joint ventures 2,082.0 2,271.3 ASSETS Current assets: Cash and cash equivalents Receivables Inventories Prepaid expenses and other current assets Total current assets Land, buildings, and equipment Goodwill Other intangible assets Other assets Total assets LIABILITIES AND EQUITY Current liabilities: Accounts payable Current portion of long-term debt Notes payable Other current liabilities Total current liabilities Long-term debt Deferred income taxes Other liabilities Total liabilities Redeemable interest Stockholders' equity: Common stock, 754.6 shares issued, S0.10 par value Additional paid-in capital Retained earnings Common stock in treasury, at cost, shares of 152.7 and 161.5 Accumulated other comprehensive loss Total stockholders' equity Noncontrolling interests Total equity Total liabilities and equity Income taxes 2,135.6 57.3 84.7 367.8 72.0 655.2 85.0 2,854.1 1,396.5 1,468.7 1,367.8 7,087.1 11,624.8 2.031.0 1.4489 22,191.8 551.7 2,746.2 1,600.1 1,549.8 1,445.8 7,341.9 12,668.7 2.003.8 1,341.0 23,355.4 776.2 After-tax earnings from joint ventures 1,786.2 2,163.0 1,701.1 Net earnings, including earnings attributable to redeemable and noncontrolling interests Net earnings attributable to redeemable and noncontrolling interests 33.5 43.6 Net earnings attributable to General Mills $ $ 1,752.7 2.92 $ $ 32.0 2,131.0 3.69 $ $ 1,657.5 2.82 Earnings per share - basic 75.5 1,386.7 14,996.7 (6,779.0) (2.625.4) 7,054.5 313.2 7,367.7 30.111.2 75.5 1,202.5 14.459.6 (7,167.5) (2.429.0) 6,141.1 351.3 6,492.4 30.624.0 Earnings per share - diluted $ 2.90 $ 3.64 $ 2. Dividends per share $ 1.96 $ 1.96 $ 1.92 $ S

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