The Consolidated Statements of Financial positions and Statements of Earnings of Hawkins Co$.$ Ltd are provided below for your consideration. Hawkins is the Markets leading producer of cereals for breakfast products in Southern Asia, as well as convenience foods such as cookies, crackers, toaster pastries, cereal bars, and other assorted similar products. Hawkins Co$.$ Ltd and Subsidiaries Consolidated Balance Sheets $($$ in millions, except per share data$)$ December $31,2020$ December $31,2019$ Assets Current Assets $ $ Cash and Cash Equivalents $460444$ Accounts Receivable, Net $1,1881,190$ Inventories $1,1321,056$ Other Current Assets $247225$ Total Current Assets $3,0272,915$ Property and Plant, Net $3,2813,128$ Goodwill $3,6233,628$ Other Intangibles, Net $1,5451,456$ Other Assets $516720$ Total Assets $$11,901$ $$11,847$ Liabilities and Equity Current Liabilities Current Maturities of Long Term Debt $ $761$ $ $952$ Notes payable $23444$ Accounts Payable $1,1891,149$ Other Current Liabilities $1,1291,039$ Total Current Liabilities $3,3133,184$ Long Term Debt $5,0374,908$ Deferred Income Taxes $637697$ Pension Liability $560265$ Other Liabilities $592639$ Total Liabilities $10,1399,693$ Shareholders Equity Common Shares, $$\mathrm{.}25$ par value, $1,000,000,000$ shares authorized; Issued: $419,484,087$ shares in $2020$ and $419,272,027$ shares in $2019105105$ Capital in Excess of Par value $522495$ Retained Earnings $6,7216,122$ Treasury stock at cost: $62,182,500$ shares in $2020$ and $53,667,635$ shares in $2019(3,130)(2,650)4$ Accumulated Other comprehensive Income $($Loss$)(2,458)(1,914)$ Total Hawkins Company Shareholders Equity $1,7602,158$ Non$-$Controlling Interests $2(4)$ Total Equity $1,7622,154$ Total Liabilities & Equity $ $11,901$ $ $11,847$ Hawkins Co$.$ Ltd and Subsidiaries Consolidated Statements of Earnings $($$ in millions, except per share data$)$ Year Ended December $31,2020$ Year Ended December $31,2019$ Year Ended December $31,2018$ Net Sales $ $13,198$ $ $12,397$ $ $12,575$ Cost of goods sold $7,7507,1087,184$ Selling, General, and Administrative expenses $3,4723,2993,390$ Operating Profit $1,9761,9902,001$ Interest Expense $233248295$ Other Income $($expense$),$ Net $(11)0(22)$ Income Before Income Taxes $1,7321,7421,684$ Income Taxes $503502476$ Net Income $1,2291,2401,208$ Net Loss attributed to Non controlling interests $(2)(7)(4)$ Net Income Attributed to Hawkins Co$.$ Ltd $ $1,231$ $ $1,247$ $ $1,212$ Earnings Per Share $-$ Basic $ $3\mathrm{.}40$ $ $3\mathrm{.}32$ $ $3\mathrm{.}17$ Earnings Per Share $-$ Diluted $ $3\mathrm{.}38$ $ $3\mathrm{.}30$ $ $3\mathrm{.}16$ General Mills Co$.$ Ltd Selected Financial Ratios Current Ratio $1\mathrm{.}03$ Quick Ratio $0\mathrm{.}65$ Average Collection Period $($Days$)27\mathrm{.}20$ Days Inventory Turnover $($Times$)6\mathrm{.}87$ Times Total Asset Turnover $($Times$)0\mathrm{.}84$ Times Return on Sales $9\mathrm{.}54\%$ Financial Leverage Ratio $2\mathrm{.}95$ ROE $24\mathrm{.}51\%5$

$1.$ Compute the following ratios for $2020$ for Hawkins: i$.$ Current ratio, ii$.$ Quick ratio, iii. Average collection period, iv$.$ Inventory turnover, v$.$ Total asset turnover, vi$.$ Return on sales, vii. Financial leverage ratio, and viii. ROE. Define the quick ratio as current assets minus inventories divided by current liabilities. Assume all sales are on credit.

$2.$ Compare your computed ratios with the ratios for General Mills Co$.$ Ltd reported below focusing on profitability, efficiency and liquidity of the two companies.

$3.$ Summarize Hawkins overall financial position on the basis of your findings in part $2.)$ against General Mills Co$.$ Ltd$.$