Prior to the financial recession in the late 2000s, some companies had built up significant cash balances. Since that time some companies have continued to increase their cash balances and discussions began about whether "cash hoarding" by firms was an appropriate activity or if it was hurting the economic recovery. Research this issue and answer the following questions:
(a) What are the advantages of having a large cash balance?
(b) What are the disadvantages of having a large cash balance?
(c) What companies currently have sizable amounts of cash and liquid investments on their balance sheets?