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, Nordstrom and Macy'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. Current ratio Acid-test ratio Accounts receivable turnover Average collection period Inventory turnover Average days to sell inventory Macy's 2015 2014 1.34 1.69 0.29 0.53 55.2 times 65.2 times 6.6 days 5.6 days 3.02 times 3.07 times 120.9 days 118.9 days Nordstrom 2015 2014 1.04 1.87 0.27 1.12 11.3 times 5.9 times 32.3 days 61.9 days 4.99 times 5.15 times 73.1 days 70.9 days Industry Average 2015 2014 1.90 1.70 0.50 0.60 40.8 times 56.4 times 8.9 days 6.5 days 3.20 times 4.10 times 114.1 days 88.8 days Which of the two companies has the stronger liquidity position? LINK TO TEXT LINK TO TEXT LINK TO VIDEO LINK TO VIDEO How do the companies' positions compare to the industry averages? Click if you would like to Show Work for this question: Open Show Work