Examine the financial data of McCormick Corporation. Show how to compute McCormick's current ratio from 2018 to 2020. Is the company's ability to pay its current liabilities improving or deteriorating? Click the icon to view the balance sheet.) (Round ratios to two decimal places.) Formula: Current ratio 2018 2019 2020 McCormick's ability to pay its current liabilities is deteriorating holding steady improving Balance sheet 2019 2018 659 678 2.49 $ 2.45 $ $ McCormick Corporation Years Ended December 31 (dollar amounts in millions) 2020 Consolidated Financial Measures and Ratios Operating Results Net earnings 772 Per common share $ 2.79 Operating income $ 1,313 Operating margin 4.3 % Gross profit percentage 22.6 % Return on net assets 13 % Return on shareholders' equity 12.7 % Interest coverage 4.2 times Financial Position Working capital 1,690 Current assets $ 6,412 Current liabilities $ 4,722 1,240 4.3% 22.8% 13 % 12.1 % 4.2 times 1,206 3.8 % 23.8 % 13 % 10.4 % 4.2 times 1,007 6,042 5,035 918 5,945 $ $ 5,027 Print Done