McCormick & Company, Incorporated, is a global leader in the manufacture, marketing, and distribution of spices, seasoning mixes, condiments, and other products to the food industry. McCormick & Company, Incorporated, reported the following in its 2014 Annual Report:

Analyze:
1. What is the current ratio for both 2014 and 2013?
2. Did the current ratio improve or decline from 2013 to 2014?
3. The company reported net sales of $4,243.2 million and gross profit of $1,730.2 million for its fiscal year ended November 30, 2014. What is the gross profit percentage for this period?

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Consolldated Balance Sheet November 30 2014 2013 $1,370.2 $4,449.7 $1,063.1 $2,502.0 in millions) $1,416.2 $4,413.3 $1,122.0 $2,604.9 Total Current Assets Total Assets Total Current Liabilities Total Liabilities