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1) a. How do debt levels magnify corporate financial difficulties going into the financial crisis brought on by the COVID-19 pandemic? 1) b. What's more

1) a. How do debt levels magnify corporate financial difficulties going into the financial crisis brought on by the COVID-19 pandemic?

1) b. What's more important during a financial crisis like the COVID-19 pandemic, lower debt or higher cash (financial flexibility)? Does the importance of lower debt or higher cash depend on certain factors of the company such as line of business or size?

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