Required:

Next Level Compute the following ratios for $20$X$3.$ Provide a brief description of what each

ratio reveals about McCormick. $($McCormick uses cash and equivalents, short$-$term securities$,$

and receivables in their quick ratio calculation.$)$

Return on common equity $=$

$($Round your answer to three decimal

places.$)$

Debt$-$to$-$assets $=$

$x($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 $=$

X days $($Use $365$ days. Round your answer to

one decimal place.$)$

Accounts receivable turnover days $=$

X days $($Use $365$ days. Round your

answer to one decimal place.$)$

Accounts payable turnover days $=$

X days $($Use $365$ days. Round your

answer to one decimal place.$)$

Operating cycle $($in days$)=$

X days $($Use $365$ days. Round your answer

to one decimal place.$)$

Total asset turnover $=$

$($Round your answer to two decimal places.$)$