McCormick & Company, Incorporated, reported the following in its 2015 Annual Report:

Analyze:

1. What were total trade accounts receivable at November 30, 2015, before the allowance was deducted?

2. Compute the percentage increase or decrease in net trade accounts receivable from 2014 to 2015 reported on the consolidated balance sheet.

3. What percentage of total current assets on November 30, 2015, are made up of net trade accounts receivable?

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Consolldated Balance Sheets at November 30, 2015 (mllllons) 2015 2014 Trade accounts receivable, less allowances of $8.0 for 2015 and $4.0 for 2014 $455.2 $493.6 Total current assets $1,406.5 $1,416.2