Ratios Analysis: McCormick 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...

Ratios Analysis: McCormick

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 2012 and 2013 follow.

Additional information for 2013 is as follows (amounts in millions):

Required:

Compute the following ratios for 2013. Provide a brief description of what each ratio reveals about McCormick.

1. Return on common equity = $  (Round your answer to three decimal places.)


2. Debt-to-assets = $  (Round your answer to three decimal places.)


3. Debt-to-equity = $  (Round your answer to two decimal places.)


4. Current = $  (Round your answer to two decimal places.)


5. Quick = $  (Round your answer to two decimal places.)


6. Inventory turnover days =  days (Use 365 days. Round your answer to one decimal place.)


7. Accounts receivable turnover days =  days (Use 365 days. Round your answer to one decimal place.)


8. Accounts payable turnover days =  days (Use 365 days. Round your answer to one decimal place.)


9. Operating cycle (in days) =  days (Use 365 days. Round your answer to one decimal place.)


10. Total asset turnover = $  (Round your answer to two decimal places.)