In the chapter opening, we discussed the cash positions of several companies. Automobile manufacturers also have enormous

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In the chapter opening, we discussed the cash positions of several companies. Automobile manufacturers also have enormous cash reserves. In the middle of 2021, Ford Motor Co. had about $49.9 billion in cash, General Motors had about $29 billion, and Tesla had about $19.4 billion. Why would firms such as these hold such large quantities of cash?

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Essentials Of Corporate Finance

ISBN: 9781265414962

11th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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