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* $ 2,108 $ 253,912 Accounts and notes receivable 1,250 69,690 Inventories 106 802 Prepaid expenses and other current assets Advertising funds restricted assets 8,519 73,108 62,323 Total current assets $ 4,266 Total current liabilities $ 2,779 $ 467,552 $ 353,172 $2,176,722 $1,790,623 Total noncurrent liabilities $18,105 $13,448 Total shareholders' equity** *Described "Cash 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 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