Analyze and compare Dillard$$s and Macy$$s

Dillard$$s$,$ Inc. $($DDS$)$ and Macy$$s$,$ Inc. $($M$)$ are large department store chains in the United States. Information from recent annual reports for both companies is as follows $($in millions$)$:

Line Item Description Dillard$$s Macy$$s

Cash $($end of year$)$ $$717$ $$1,712$

Operating expenses $1,7587,986$

Depreciation expense $201874$

a$.$ Determine the days$$ cash on hand for each company. Assume a $365-$day year. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place.

Line Item Description Dillard$$s Macy$$s

Days$$ Cash on Hand fill in the blank $1$ of $2$ days fill in the blank $2$ of $2$ days

b$.$ Which company has the better liquidity position?