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ASSIGNMENT QUESTION Berkshire Hathaway held $101 billion in cash at the end of 2019 similarly Apple $269 billion in 2018 (Bary, 2020). In contrast, Debenhams were among many others going into administration. You are the Financial Manager of Rolling Limited, a company with 500 retail outlets selling clothing as well as groceries with a turnover of £1.5 billion and have been asked by senior management as to the criteria as to the level of cash to be held taking into account of other large retailers. Write an essay that: a)  Discusses the reasons that Apple has large cash balances and evaluate whether a large cash balance is an efficient use of resources as far as Rolling Limited is concerned. You must discuss why Apple has such large cash balances and evaluate whether this is an efficient use of resources. The reasons for holding cash balances must be considered together with the merits of doing so. Simply stating general reasons will not get you a pass mark. You need to look at whether they have tried to use the cash in the best possible way. Consider shareholder objectives. Alternatives should be considered. This is application and knowledge and evaluation. Rolling Limited is a imaginary retail company