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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
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 Asse: Cash and cash equivalents Accounts and notes receivable $2,144 1,190 $253,912 69,690 Inventories 109 8,792 Prepaid expenses and other current assets 788 73,493 Advertising funds restricted assets 67,376 Total current assets $4,231 $473,263 Total current liabilities $2,611 $ 345,841 Total noncurrent abilities $18,374 $2,079,805 Total shareholders' equity** $12,386 $1,746,314 "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.. a. Working capital b. Current ratio Quick ratio McDonald's Wendy's
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