• Hershey average quick ratio for 2023 was 0.54, a 20% decline from 2022.
• Hershey average quick ratio for 2022 was 0.45, a 44.44% increase from 2021.
• Hershey average quick ratio for 2021 was 0.81, a 10.99% 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.