The following information was summarized from the balance sheets included in Form 10-K of McDonald's Corporation at

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The following information was summarized from the balance sheets included in Form 10-K of McDonald's Corporation at December 31, 2012, and The Wendy's Company and Subsidiaries, at December 20, 2012.

The following information was summarized from the balance sheets included


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 more liquid?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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