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Lawrence Sports Working Capital Strategies Work

Lawrence Sports Working Capital Strategies Work sheet

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Title: Lawrence Sports Working Capital Strategies Work sheet

Essay Details:

Subject: Business

Author: Karl B

Date: January 15, 2016

Level: University

Grade: A

Length: 14 / 4150

Essay text:

Working capital practices include the management and delicate balance of accounts receivables, accounts payables, inventory levels, sources of short term borrowing and cash flows. The working capital manager at Lawrence Sports finds the company in an intricate position following defaults and delays on receivables from the Mayo Stores that have directly affected their working capital practices, namely debt payment. The result for such delinquent behavior on the part of the May stores: a corresponding cash flow deficit forced on Lawrence Sports which has forced the company to take out large bank loans with high interest payments, loans which they are sometimes not able to pay in a timely manner...

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