McCormick, Inc.'s Comparative Balance Sheet for the Years Ending December 31: (25 POINTS) Current Assets: Cash...

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McCormick, Inc.'s Comparative Balance Sheet for the Years Ending December 31: (25 POINTS) Current Assets: Cash A/R Inventory Total current assets Gross Fixed Assets: Less accumulated depreciation Net fixed assets Total Assets Current Liabilities: A/P N/P Total current liabilities Long term debt Total Liabilities Owners' equity: Common stock Retained earnings Total Liabilities & Owners' Equity B) Acid test ratio: C) Debt ratio: D) Return on total assets: 2018 E) Return on Common Equity: $2 16 22 $40 120 (60) 60 $100 $ 16 10 26 20 S 46 40 14 $100 2019 $ 10 10 26 $46 154 (64) 90 $136 $ 18 10 28 McCormick, Inc. had net income of $36 million for 2019 and paid total cash dividends of $20 million to their common stockholders. Please calculate the following for 2018: A) Current ratio: 28 $ 56 50 30 $136 McCormick, Inc.'s Comparative Balance Sheet for the Years Ending December 31: (25 POINTS) Current Assets: Cash A/R Inventory Total current assets Gross Fixed Assets: Less accumulated depreciation Net fixed assets Total Assets Current Liabilities: A/P N/P Total current liabilities Long term debt Total Liabilities Owners' equity: Common stock Retained earnings Total Liabilities & Owners' Equity B) Acid test ratio: C) Debt ratio: D) Return on total assets: 2018 E) Return on Common Equity: $2 16 22 $40 120 (60) 60 $100 $ 16 10 26 20 S 46 40 14 $100 2019 $ 10 10 26 $46 154 (64) 90 $136 $ 18 10 28 McCormick, Inc. had net income of $36 million for 2019 and paid total cash dividends of $20 million to their common stockholders. Please calculate the following for 2018: A) Current ratio: 28 $ 56 50 30 $136

Answer rating: 100% (QA)

a Current ratio Current assets Current liabilities 46 28 164 b Acide test ratio Total ... View the full answer