The largest spice company in the world, McCormick \& Company, Inc., produces a diverse array of specialty foods. The following information is for McCormick \& Company, Inc.:

Assume average common shares outstanding for 1996 and 1995 are 78,205 and 81,218 (in millions), respectively.
Required Compute the following for both 1996 and 1995. Then compare and comment. Assume stockholders' equity for 1994 was \(\$ 435,600\).

a. EPS of common stock.

b. Net income to net sales.

c. Return on average common stockholders' equity.

d. Times interest earned ratio.

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($ millions) 1996 1995 Net sales $1,732,506 $1,691,086 Income before interest and taxes 95,545 171,904 Net income 41,918 97,521 Interest expense 33,811 39,298 Stockholders' equity. 450,043 519,253 Common stock, no par value, November 30. 161,030 160,653