ompany's comparative balance sheet and income Calculate the following profitability ratios for 2020. (Round answers to 1 decimal place, e.g. 50.1\%.) 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. Which of the two companies has the stronger liquidity position? How do the companies' positions compare to the industry averages? Wendy's International, Inc., and McDonald's Corporation, two leading fast-food chains, are classified in SIC code 5812-Eating Places. Recent results for each company, along with industry averages, follow. How do Wendy's and McDonald's compare to the industry averages? Based on your analysis, would you consider these two companies to be industry leaders? Why or why not? The industry data reported here represent Dun and Bradstreet's industry median. Dun and Bradstreet also reports industry norms for the upper quartile (top 25\%) of companies in the industry. In the top quartile, return on assets was 15.1%, return on common stockholders' equity was 34.7%, and net income as a percentage of sales was 6.1%. Do you think it would be more useful to compare Wendy's and McDonald's to these upper-quartile industry averages rather than to the median averages? Why or why not? Dun and Bradstreet also provides industry data based on companies' total assets. In the industry's largest reporting companies, the median return on assets was 5.1%, the median return on common stockholders' equity was 9.7%, the median net income as a percentage was sales of 3.6%, and the median debt-to-equity ratio was 0.93 . The upper quartile values were 8.4%,16.4%,5.2%, and 0.65, respectively. Given that Wendy's and McDonald's are among the largest companies in this industry group, does this data change your answers to questions (c) and (d)? Why or why not