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ACCT 607 Name_____________________Applied Case Assignment #3 (Chapters 5 and 13)Answer the following questions based on McCormick & Company, Incorporated’s (NYSE: MKC; Sparks,MD; hereafter, “McCormick” or “the Company”) 2014 Annual Report (containing the Company’s 10-K) andthe press release and related 10-Q filing for the second quarter ended May 31, 2015. These documents areavailable online at:Annual report:Press release: ,10-Q filing: .net/SEC/Document.Service?id=P3VybD1hSFIwY0RvdkwyRndhUzUwWlc1cmQybDZZWEprTG1OdmJTOWtiM2RXdhSEEvWVdOMGFXOXVQVkJFUmlacGNHRm5aVDB4TURNMk5EQXhOaVp6ZFdKemFXUTlOVGM9JnR5cGU9MY0Nvcm1pY2tDb21wYW55SW5jLnBkZg==Part I: Strategic Ratio Analysis1. (a) Compute ROE and a three-factor ROE decomposition for the Company for the years ended 2014 and2013. For simplicity, use year-end balances in your ratio computations. (4 pts)Ratio 2014 2013ROE