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Analyze and compare 3. C. Penney and Macy's 3. C. Penney Company, Inc. (JCP) and...

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Accounting

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Analyze and compare 3. C. Penney and Macy's 3. C. Penney Company, Inc. (JCP) and Macy's, Inc. (M) are large department store chains in the United States. Information from recent an companies is as follows (in millions): a. Determine the days' cash on hand for each company. Assume a 365-day year. If required, round all computations to one decimal place calculations. Round final answers to one decimal place. b. Which company has the better liquidity position

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