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The following information was summarized from the balance sheets of McDonald’s

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?

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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McDonalds Wendy's/Arby's Group (in millions) Current Assets Cash and cash equivalents Restricted cash equivalents Accounts receivable and notes receivable, net $ 2,063.4 931.2 411.5 $ 90,090 20,792 97,258 24,646 28,990 37,923 81,139 $ 380,838 S 502,489 $1,759,840 $2,383,291 Prepaid expenses and other current assets Deferred income tax benefit Advertising fund restricted assets Total current assets S 3,5176 2,5379 $12,541.0 $13,382.6 Noncurrent liabilities Shareholders' equity