EXAMPLE: CORPORATE OBJECTIVES

Improve returns from each of our existing operating groups.
Dispose of those parts of our businesses which cannot generate adequate returns or do not fit with our business strategy.
Achieve a 20% return on equity.
Achieve net sales growth rate of 10% per year.
Maintain an average earnings per share growth rate of 15% per year.
Maintain total debt to total capital at 40% or less.
Pay out 25% to 35% of net income in dividends.

McCORMICK