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In an interview on CNBC a major shareholder of JW common stock stated that JW managment is holding too much cash and they should reinvest

In an interview on CNBC a major shareholder of JW common stock stated that JW managment is holding too much cash and they should reinvest in the firm. The CFO will lower the cash ratio by using cash and equivalents to purchase operating assers, what level of cash and equivalents is required to generate the following values for cash ratio: 20%, 15%, 10%, 5%?

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