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Lawrence Sports Working Capital Policy 1

Lawrence Sports Working Capital Policy

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Title: Lawrence Sports Working Capital Policy

Essay Details:

Subject: Business

Author: Jesus W

Date: November 14, 2012

Level: University

Grade: A

Length: 8 / 2316

Essay text:

L.S. purchases its materials from Gartner Products and Murray Leather Works. L.S. also distributes 95% of its products to Mayo Stores and has revenues of $20 million. L.S. recently hired a financial manager to help with the current capital management position. The basis of this paper is to examine Lawrence Sports current use of cash budgeting and to describe the weaknesses that exist in the working capital policies that is leading to the interruption of cash flow problems. Operating a business with a balance in capital management is essential to every business whether small or large. Maintaining constancy in cash flow operations is vital for the survival of the business...

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