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McCormick & Company, Inc. is one of the world's leading producers of spices, herbs, seasonings, condiments, and other flavorings for foods. Its products are sold
McCormick & Company, Inc. is one of the world's leading
producers of spices, herbs, seasonings, condiments, and other
flavorings for foods. Its products are sold to consumers, with some
of the leading brands of spices and seasonings, as well as to
industrial producers of foods. McCormick's consolidated balance
sheets for and follow.Additional information for is as follows amounts in
millions:Required:Compute the following ratios for Provide a brief
description of what each ratio reveals about McCormick.Return on common equity $ Round your answer to three decimal
places.Debttoassets $ Round your answer to three decimal
places.Debttoequity $ Round your answer to two decimal
places.Current $ Round your answer to two decimal places.Quick $ Round your answer to two decimal places.Inventory turnover days days Use days. Round your answer
to one decimal place.Accounts receivable turnover days days Use days. Round
your answer to one decimal place.Accounts payable turnover days days Use days. Round your
answer to one decimal place.Operating cycle in days days Use days. Round your
answer to one decimal place.Total asset turnover $ Round your answer to two decimal
places.
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