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 $ 1,979 $ 253,912 Accounts and notes receivable 1,200 69,690 Inventories 105 8,938 Prepaid expenses and other current assets 766 72,930 Advertising funds restricted assets 67,282 Total current assets $ 4,050 $472,752 Total current abilities $ 2,753 $ 353,826 Total noncurrent liabilities $18,992 $2,163,941 Total shareholders' equity** $12,225 $1,735,212 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 Prepaid expense Advertising funds restricted assets Total current assets $ 4,050 Total current liabilities $ 2,753 Total noncurrent liabilities $18,992 Total shareholders' equity** $12,225 Described as "Cash and equivalents" by McDonald's **Described as "Stockholders' equity" by Wendy's. 67,282 $ 472,752 $ 353,826 $2,163,941 $1,735,212 > 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 b. Current ratio c. Quick ratio 2. Which company appears to be more liquid