J$.$ C$.$ Penney Company, Inc. $($JCP$)$ 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 J$.$ C$.$ Penney Macy$$s

Cash $($end of year$)$ $$109$ $$1,162$

Short$-$term investments $($end of year$)224$

Operating expenses $4,1558,786$

Depreciation expense $556962$

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 J$.$ C$.$ Penney 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?