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Please read both articles attached. After reading both articles, discuss each of the following:
1. How may debt levels have magnified corporate financial difficulties going into the financial crisis brought on by the COVID-19 pandemic? Hint, on a personal level, it would be tough if someone bought a new car last December and then got laid off due to COVID, wouldn’t it? The concept is the same for a company.
2. What’s more important during a financial crisis such as we have been in since the spring of 2020, lower debt or higher cash (financial flexibility)? Or, is it maybe a case of “it depends”? In other words does the answer differ based on a company’s line of business or size (or other factors)?
Find at least one outside (credible) source to help support your thoughts on this issue. Feel free to use specific corporate examples; Yahoo Finance is a great source for financial statements for companies. (Go to Yahoo Finance, enter a company name or ticker symbol in the search box and go to “Financials.
The discussion must provide sufficient depth to cover the topic.

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