McCormick & Company, Incorporated (NYSE: MKC; Sparks, MD; hereafter, McCormick or the Company) was formed in 1915 under Maryland law as the successor to a business established in 1889. Answer the following questions based on McCormicks 2014 Annual Report, which also contains the Companys 10-K. This document is available online at:

http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MjY4MzE3fENoaWxkSUQ9LTF8VHlwZT0z&t=1

Part I: The Basic Financial Statements 1. (a) On what day of the year does the Companys fiscal year end? (b) What units are reported on these financial statement?

2. For how many years does the Company present: (a) Balance Sheets? (b) Income Statements? (c) Cash Flow Statements? (d) Statements of Changes in Stockholders Equity?

3. Write out the fundamental accounting equation, and identify the values for the fundamental accounting equation for the Companys 2014 year end.

4. What is the account name and value of the Companys largest expense for 2014?

5. What amount of net cash did the Company use in financing activities for 2014?

6. What items affected the Companys Retained Earnings during 2014?

7. Are the Companys annual financial statements audited by independent CPAs? How do you know?

8. What was the amount of the Companys Research and development expense for 2014? In what section did you find that information? [HINT: Many pdfs are searchable using the Find function.]

9. What risk has the Company identified with respect to potential climate change? In what section did you find that discussion?

10. (a) Did the Company report any unusual items on its income statement in 2014? (b) If so, in brief phrase or two at most, what is the purpose / underlying nature of the item? In what section did you find this information?