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.

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

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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