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What information cap be calculated from Wendy's 2021 trial balance? The Wendy's Company (NASDAQ: WEN) is a fast-food chain and is a publicly held corporation.

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What information cap be calculated from Wendy's 2021 trial balance? The Wendy's Company (NASDAQ: WEN) is a fast-food chain and is a publicly held corporation. Wendy's fiscal reporting periods consist of 52 or 53 weeks ending on the Sunday closest to December 31. Wendy's 2021 fiscal year ended January 2, 2022, and its 2020 fiscal year ended January 3, 2020. To follow is a condensed and adapted trial balance as of January 2, 2022, that was constructed from those financial statements. https/lwtietz files. wordpress.com/2022/07/wendys-2021-trial-balance.png Please note that the accounts have been adapted and condensed for educational use and should not be used for investment decisions. Note: The trial balance above can also be downloadod in Excel format for enbanced readability and accessibility. The trial balance should not be used for investment decisions; it has been adjusted for cducational purposes. View a quick tutorial video about trial balances at this link and then answer the following questions. Questions (calculate each of the following totals using Wendy's trial balance) 1. Current assets 2. Total assets 3. Current liabilities 4. Total liabilities 5. Net income 6. Ending retained earnings 7. Total stockholders' equity 8. Write Wendy's accounting equation as of January 2,2022. Rubric: Calculations should be made on an excel worksheet The Wendy's Company and Subsidiaries Trial Balance January 2, 2022 (In thousands) \begin{tabular}{lrr|} \hline Account & Debit & \multicolumn{1}{c|}{ Credit } \\ \hline Cash and cash equivalents* & 276,973 & \\ \hline Accounts and notes receivable, net & 119,540 & \\ \hline Inventories & 5,934 & \\ \hline Other current assets & 190,402 & \\ \hline Property, plant, and equipment & 1,963,766 & \\ \hline Other long-term assets & 2,544,776 & \\ \hline Accounts payable & & 41,163 \\ \hline Current portion of long-term debt & & 24,250 \\ \hline Other current liabilities & & 361,512 \\ \hline Long-term debt & & 2,356,416 \\ \hline Other long-term liabilities & & 1,881,645 \\ \hline Common stock & & 47,042 \\ \hline Additional paid-in capital & 2,853,468 & 238,633 \\ \hline Retained earnings (as of January 3,2020) & 94,846 & \\ \hline Treasury stock (and other stockholders' equity accounts) & & 1,896,998 \\ \hline Dividends & 611,680 & \\ \hline Sales revenue & 918,358 & \\ \hline Cost of sales & 126,382 & \\ \hline Other operating expenses & 40,186 & \\ \hline Interest expense (and other income/losses) & 9,746,311 & 9,746,311 \\ \hline Income tax expense & & \\ \hline Total & & \\ \hline *includes restricted cash & & \\ \hline \end{tabular}

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