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1.Excess cash is: a.It is calculated by dividing debt by debt plus equity. b.anasset that reduces effective debt. c.Cash that is not necessary for the

1.Excess cash is:

a.It is calculated by dividing debt by debt plus equity.

b.anasset that reduces effective debt.

c.Cash that is not necessary for the operations of a business.

d.often considered "negative debt".

e.C and D only.

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