+#2+(Chapters+2 +3) (1).pdf-Adobe Reader ACCT 607 Name Applied Case Assignment #2 (Chapters 2 and Refer to the financial statements included in McCormick & Company, Incorporated's (NYSE: MKC Sparks, MD: hereafter, "M or "the Company') 2014 Annual Report to answer the following questions. This document is available online at 1. (a) Did the Company's "Inventories" increase or decrease over the last year? 2. (a) Did the Company's "Prepaid expenses and other current assets" increase or over the last year? (b) Were there more debits or credits to the Company's prepaid expense and other current asset accounts during 2014? 3. (a) Did the Company's "Trade accounts payable" increase or decrease over the last year? Gb) Were there more debits or credits to the Conpany's trade accounts payable during 2014? 4 (a) Did the Company's "Net sales" inerease or decrease over the last year? Were there more debuts or creduts to the Company's net sales accounts during 2014? 5. (a) Did the Company's "Interest Expense inervase or decrease over the last yeaa? (b) Were there more debits or crears to the Conpany's interest expense accounts duuing 2014? G 2017-0403 ACCT 607: A I 16943s06-45869 (1) -W. lied Case +Assag