In an interview on CNBC, a major shareholder of JW's common stock (a known activist investor) stated that JW's management is holding too much cash

In an interview on CNBC, a major shareholder of JW’s common stock (a known activist investor) stated that JW’s management is holding too much cash and that some of this liquidity s hould be reinvested in the firm. Consequently, the CFO will lower the Cash Ratio by using cash and equivalents to purchase operating assets (i.e., the firm’s total asset base will not change). What level of cash and equivalents is required to generate the following values for the Cash Ratio