Liquidity Analyses for McDonalds and Wendys

The following information was summarized from the balance sheets included in Form 10-K of McDonalds Corporation at December 31, 2015, and The Wendys Company and Subsidiaries at January 3, 2016.

McDonalds (in millions) Wendys (in thousands)

Current Assets:

Cash and cash equivalents* $ 2,105 $ 253,912

Accounts and notes receivable 1,180 69,690

Inventories 113 9,182

Prepaid expenses and other current assets 810 72,247

Advertising funds restricted assets 65,012

Total current assets $ 4,208 $ 470,043

Total current liabilities $ 2,768 $ 326,302

Total noncurrent liabilities $18,318 $2,041,226

Total shareholders equity** $13,492 $1,796,272

*Described as Cash and equivalents by McDonalds.

**Described as Stockholders equity by Wendys.

1. Using the information provided, compute the following for each company at year-end:

Working capital. Enter amounts for McDonalds in millions, Wendy's in thousands.

Current ratio. Round your answers to two decimal places.

Quick ratio. Round your answers to two decimal places.

McDonald's Wendy's

a. Working capital

b. Current ratio

c. Quick ratio