keAssignment/takeAssignment Main.do?invokerStakeAssignment Session Locator=&inprogress=false 0 Calculator : Liquidity Analyses for McDonald's and Wendy's 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. McDonald's Wendy's (In millions) (In thousands) Current Assets: Cash and cash equivalents $ 1,985 $ 253,912 Accounts and notes receivable 1,252 69,690 Inventories 113 8,588 Prepaid expenses and other current assets 796 75,494 Advertising funds restricted assets 62,929 Total current assets $4,146 $ 470,613 Total current liabilities $ 2,870 $340,942 Total noncurrent liabilities $18,248 $2,032,407 Total shareholders' equity** $12,826 $1,679,883 *Described as "Cash and equivalents" by McDonald's. **Described as "Stockholders' equity" by Wendy's. Required: 1. Using the information provided, compute the following for each company at year-end: Next All work saved Email Instructor Save and Exit Submit Assignment for Grading *Described as "Cash and equivalents" by McDonald's. **Described as "Stockholders' equity" by Wendy's. Required: 1. Using the information provided, compute the following for each company at year-end: a. Working capital. Enter amounts for McDonalds in millions, Wendy's in thousands b. Current ratio. Round your answers to two decimal places. c. Quick ratio. Round your answers to two decimal places. McDonald's Wendy's a. Working capital 1,519 129,671 b. Current ratio 1.44 1.4 c. Quick ratio 1.12 2. Which company appears to be more liquid? Wendy's All work saved. Emain % &