• General Mills average quick ratio for 2023 was 0.37, a 7.5% increase from 2022.
• General Mills average quick ratio for 2022 was 0.4, a 25.93% decline from 2021.
• General Mills average quick ratio for 2021 was 0.54, a 10.2% decline from 2020.

Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.