The fast-spreading coronavirus has triggered even the biggest U.S. business to cut their costs and reinforce their balance sheets, showing as soon as again how money is king, particularly in times of crisis.
After a decadelong U.S. economic growth, not every company has entered this crisis with the exact same money cushion. Apple Inc. ended the year with $247 billion in cash, securities and balance due, enough to run its operations for more than a year even if it didn’t cut expenses or sell a single iPhone. Discount seller Dollar …
%.
source https://jobsearchtips.net/coronavirus-reveals-cash-is-king-even-for-biggest-u-s-companies/
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