Kendra Massey is trying to decide how to invest a recent windfall inheritance. Because she considers herself a fashionista, her first thought was to look at two of her favorite stores,NordstromandMacy's. Kendra visited each company's website and calculated the following ratios based on the financial statements she found there. She also found some industry averages to use as a comparison.

Macy's Nordstrom Industry Average

2015 2014 2015 2014 2015 2014

Current ratio 1.34 1.69 1.04 1.87 1.90 1.70

Acid-test ratio 0.29 0.53 0.27 1.12 0.50 0.60

Accounts receivable turnover 55.2 times 65.2 times 11.3 times 5.9 times 40.8 times 56.4 times

Average collection period 6.6 days 5.6 days 32.3 days 61.9 days 8.9 days 6.5 days

Inventory turnover 3.02 times 3.07 times 4.99 times 5.15 times 3.20 times 4.10 times

Average days to sell inventory 120.9 days 118.9 days 73.1 days 70.9 days 114.1 days 88.8 days

Which of the two companies has the stronger liquidity position and how do the companies' positions compare to the industry averages?