The following information was summarized from the balance sheets included in Form 10-K of McDonald's Corporation at December 31, 2015, and The Wendy's Company and Subsidiaries at January 3, 2016.

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?

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McDonad's (in millions) Wendy's (in thousands) Current Assets Cash and cash equivalents Accounts and notes receivable Inventories Prepaid expenses and other cument assets Advertising funds restricted assets Total current assets 7,685.5 1,298.7 100.1 558.7 $ 327,216 104,854 4312 112,788 67,399 $ 616,569 s 268,774 $3,087,032 $752,914 Total current liabilities Total noncurent liabilities Total shareholders' equity Described as "Cash and equivalents" by McDonald's. $ 9,643.0 $ 2,950.4 $27,900.4 7,087.9 Described as "Stockholders' equity"by Wendy's.