The following information was summarized from the balance sheets of McDonald s
The following information was summarized from the balance sheets of McDonald’s Corporation at December 31, 2008, and Wendy’s/Arby’s Group, Inc., at December 28, 2008.


Required
1. Using the information provided, compute the following for each company at year-end:
a. Working capital
b. Current ratio
c. Quick ratio
2. Comment briefly on the liquidity of each of these two companies. Which appears to be moreliquid?
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