McCormick and Company, Incorporated reported the following in its 2009 Annual Report: 1. What is the current

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McCormick and Company, Incorporated reported the following in its 2009 Annual Report:
McCormick and Company, Incorporated reported the following in its 2009

1. What is the current ratio for both 2009 and 2008?
2. Did the current ratio improve from 2008 to 2009?
3. The company reported net sales of $3,192 million and gross profit of $ 1,327 million for its fiscal year ended November 30, 2009. What is the gross profit percentage for this period?

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College Accounting A Contemporary Approach

ISBN: 978-0073396958

2nd edition

Authors: David Haddock, John Price, Michael Farina

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