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

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

places.$)$Debt$-$to$-$equity $=$ $ $($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 $365$ days. Round your answer

to one decimal place.$)$Accounts receivable turnover days $=$ days $($Use $365$ days. Round

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

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

answer to one decimal place.$)$Total asset turnover $=$ $ $($Round your answer to two decimal

places.$)$

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