Coronavirus Shows Cash Is King, Even for Biggest U.S. Companies

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Coronavirus Shows Cash Is King, Even for Biggest U.S. Companies
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The pandemic is hitting nearly every business, but not all of them were equally prepared for the sudden economic slowdown

After a decadelong U.S. economic expansion, not every company has entered this crisis with the same cash cushion. Apple Inc.

ended the year with $247 billion in cash, securities and account receivables, enough to run its operations for more than a year even if it didn’t cut costs or sell a single iPhone. Discount retailer Dollar...

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