Question: Decision Case 9-1 Comparing: General Mills and Kelloggs Current Liabilities. Refer to General Mill's and Kelloggs annual reports at the back of the book. Using

Decision Case 9-1 Comparing: General Mills and Kelloggs Current Liabilities. Refer to General Mill's and Kelloggs annual reports at the back of the book. Using the companies balance sheets and accompanying notes, write a response to the following questions:

Required

1. Determine General Mills current ratio for fiscal years 2010 and 2009. What do the ratios indicate about the liquidity of the company?

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