Company: McDonald's Corporation

Item	Amount (in millions)
Cash and Cash Equivalents	$4,500
Accounts Receivable	$1,200
Inventory	$100
Total Current Assets	$9,800
Property, Plant, Equipment	$38,000
Total Assets	$50,000
Accounts Payable	$1,600
Short-term Debt	$2,000
Total Current Liabilities	$10,200
Long-term Debt	$25,000
Total Liabilities	$38,800
Total Equity	$11,200

Questions:

1. Calculate McDonald's current ratio.
2. Determine McDonald's quick ratio (acid-test ratio).
3. What is McDonald’s debt to equity ratio?
4. Compute the working capital of McDonald's.
5. If McDonald's had net sales of $23,223 million and cost of goods sold of $10,840 million, what is the inventory turnover ratio?