Common-Size and Rate of Change Analyses: McCormick McCormick & Company, Inc. is one of the world's leading producers of spices, herbs, seasonings, condiment seasonings, as well as to industrial producers of foods. McCormick's consolidated balance sheets for 2012 an McCormick: Consolidated Balance Sheets Dollar Amounts in Millions Assets Current Assets Cash and Equivalents 2012 2013 $ 79.0 $ 63.0 Receivables Inventories 465.9 495.5 615.0 676.9 Prepaid Expenses and Other Assets Total Current Assets 125.5 134.8 $ 1,285.4 $ 1,370.2 Property and Equipment, Net 547.3 576.6 Goodwill 1,695.3 1,798.5 Intangible Assets, net 323.5 333.4 Investments and Other Assets 313.9 371.0 Total Assets $ 4,165.4 $ 4,449.7 Liabilities and Shareholders' Equity Check Work 0 more Check My Work uses remaining. Liabilities and Shareholders' Equity Current Liabilities Short-Term Borrowings $ 140.3 $211.6 Current Portion of Long-Term Debt 252.3 2.5 Trade Accounts Payable 375.8 387.3 Other Accrued Liabilities 419.2 461.7 Total Current Liabilities $1,187,6 $1,063.1 Long-Term Debt 779.2 1,019.0 Other Long-Term Liabilities 498.4 419.9 Total Liabilities $ 2,465.2 $2,502,0 > Shareholders' Equity Common Stock 908.2 962.4 Retained Earnings 934.6 970.4 Accumulated Other Comprehensive Loss (159.9) (0.3) Noncontrolling interests 17.3 15.2 Total Shareholders' Equity $ 1,700.2 $ 1,947.7 Total Liabilities and Shareholders' Equity $4,165.4 $ 4,449.7 Required: Compute the common-size halance sheet for 2013 and the rate of change halance sheet for 2013 Round your answe Required: Compute the common-size balance sheet for 2013 and the rate of change balance sheet for 2013. Round your answers to one decimal p McCormick's Consolidated Balance Sheets Assets Current Assets (millions) Common-Sized Rates of Change 2013 2013 Cash and Cash Equivalents Trade Accounts Receivable Inventories Prepaid Expenses and Other Current Assets Total Current Assets 1.9 X % 1.4 X % 11.1 > % 11.1 X0% % 15.2 X% % 16 3.0 X% % 30.7 % Property, Plant, and Equipment, Net % 12.9 X% % Goodwill 90 40.4 X % % 7.4 X% Intangible Assets, Net % 8.3 X% Investments and Other Assets 100 % 130.4 % Total Assets Liabilities and Shareholders' Equity Current Liabilities My Work 0 more Check My Work uses remaining. Liabilities and Shareholders' Equity Current Liabilities % % Short-Term Borrowings % % Current Portion of Long-Term Debt % % Trade Accounts Payable % %/ Other Accrued Liabilities % Total Current Liabilities % Long-Term Debt % Other Long-Term Liabilities % %% Total Liabilities Shareholders' Equity 0 % Common Stock % % Retained earnings Accumulated Other Comprehensive Income (Loss) % % % % Noncontrolling Interests % % Total Shareholders' Equity % % Total Liabilities and Shareholders' Equity Feedback Check My Work