One of the largest spice companies in the world, McCormick & Company, Inc., produces a diverse array of specialty foods. The following information is for McCormick & Company, Inc.:
|
2000 |
1999 |
|
|
(USD thousands) |
||
|
Net sales |
$2,123,500 |
$2,006,900 |
|
Income before interest and taxes |
2,25,700 |
1,74,700 |
|
Net income |
1,37,500 |
98,500 |
|
Interest expense |
39,700 |
32,400 |
|
Stockholders” equity |
3,59,300 |
3,82,400 |
|
Common stock, no par value, November 30 |
1,75,300 |
1,73,800 |
Assume average common shares outstanding for 2000 and 1999 are 69,600 and 72,000 (in thousands), respectively. Compute the following for both 2000 and 1999. Then compare and comment. Assume stockholders” equity for 1998 was USD 388,100.
a. EPS of common stock.
b. Net income to net sales.
c. Return on average common stockholders” equity.
d. Times interest earned ratio.