Restaurant Brands International Inc. (QSR) is one of the worlds largest quick service restaurant companies. Its brands

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Restaurant Brands International Inc. (QSR) is one of the world’s largest quick service restaurant companies. Its brands include Tim Horton’s, Burger King, and Popeyes. Dunkin’ Brands Group, Inc. (DNKN) is a leading franchisor of doughnut (Dunkin’ Donuts) and ice cream (Baskin-Robbins) shops with more than 20,000 stores worldwide. Selected financial statement information for a recent year for both companies follows (in millions):

a. Determine the days’ cash on hand for each company.
b. Which company appears to have the stronger cash liquidity position?

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Related Book For  book-img-for-question

Financial And Managerial Accounting

ISBN: 9780357714041

16th Edition

Authors: Carl S. Warren, Jefferson P. Jones, William Tayler

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