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Krispy Kreme and Dunkin': Days' cash on hand Krispy Kreme Doughnuts, Inc. is a leading retailer and wholesaler of doughnuts. Krispy Kreme owns or franchises
Krispy Kreme and Dunkin': Days' cash on hand Krispy Kreme Doughnuts, Inc. is a leading retailer and wholesaler of doughnuts. Krispy Kreme owns or franchises 1,000 stores where the "hot" light tells you if doughnuts are cooking. Dunkin' Brands Group, Inc. is a leading franchisor of doughnut (Dunkin' Donuts) and ice cream (Baskin-Robbins) shops with more than 19,000 stores worldwide. Selected financial statement information for a recent year for both companies follows (in thousands): Operating expenses Depreciation expense Cash (end of year balance) Krispy Kreme Dunkin' Brands $432,535 19,779 208,080 $442,097 12,840 50,971 a. Determine the days' cash on hand for each company. Round all calculations to one decimal place. Krispy Kreme Dunkin' Brands Days' Cash on Hand days days b. Which company appears to have the stronger cash liquidity position
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