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 thousands) (in millions) Current Assets: Cash and cash equivalents* $ 2,108 $ 253,912 1,234 69,690 Accounts and notes receivable Inventories Prepaid expenses and other current assets 106 9,214 777 76,182 66,922 Advertising funds restricted assets Total current assets Total current liabilities $ 4,225 $ 475,920 $ 2,673 $ 335,027 Total noncurrent liabilities $19,330 $2,095,604 $1,636,425 Total shareholders' equity** $13,102 *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 b. Current ratio c. Quick ratio 2. Which company appears to be more liquid