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Essay text:
Lawrence Sports should create and |time of sale, but there is no cash |
| |implement a new tough credit policy to allow optimization of working capital.|inflow until the bills are paid,” |
| |This will ensure that Lawrence Sports has a constant cash flow. |(Brealey, Myers, Allen, 2005, p.24). |
| | | |
| | | |
| | | |
|Credit Analysis |Lawrence Sports will run into financial trouble if their payment is stretched|“The simplest way to assess a |
| |beyond a certain limit. Ann Wu is the head of vendor relationships of |customer’s credit standing is to seek|
| |Lawrence Sports feels Murray Leather Works, business partner, is not doing a|the views of a specialist in credit |
| |good job in keeping Lawrence Sports in good financial standing...
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