Condensed profit and cash flow information (in U.S. $ millions) for a recent year follow for three fast food companies: McDonald's Corporation, Burger King Holdings, Inc., and Wendy's/Arby's Group, Inc.:

Instructions
(a) Compare the provision and use of cash in each of the three activities by each company.
(b) Based on the information provided above, which company appears to be in the strongest position? Explain.

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Wendy's $ 9.5 McDonald's Burger King $117.7 Profit $5,464.8 Net cash provided by operating activities Net cash provided (used) by investing activities Net cash used by financing activities Other (foreign exchange gain [loss]) Net increase in cash and cash equivalents Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year $6,966.1 (3,167.3) (3,849.8) 51.4 0.4 2,335.7 $2,336.1 $224.4 33.6 (174.6) $190.4 (189.4) 4.3 87.7 459.0 $546.7 (21.9) 475.2 $453.3