The following information was summarized from the balance sheets of McDonald€™s Corporation at December 31, 2008, and Wendy€™s/Arby€™s Group, Inc., at December 28, 2008.

Required
1. Using the information provided, compute the following for each company at year-end:
a. Working capital
b. Current ratio
c. Quick ratio
2. Comment briefly on the liquidity of each of these two companies. Which appears to be moreliquid?

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McDonalds Wendy's/Arby's Group (in millions) Current Assets Cash and cash equivalents Restricted cash equivalents Accounts receivable and notes receivable, net $ 2,063.4 931.2 411.5 $ 90,090 20,792 97,258 24,646 28,990 37,923 81,139 $ 380,838 S 502,489 $1,759,840 $2,383,291 Prepaid expenses and other current assets Deferred income tax benefit Advertising fund restricted assets Total current assets S 3,5176 2,5379 $12,541.0 $13,382.6 Noncurrent liabilities Shareholders' equity