Lawrence Sports

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Title: Lawrence Sports

Essay Details:

Subject: Miscellaneous

Author: Teresa S

Date: September 6, 2012

Level: University

Grade: A

Length: 17 / 5029

Essay text:

1) Working capital management involves the "deployment of current assets and current liabilities as to maximize short-term liquidity" (The Free Dictionary, 2007, para. 1). The intent of a working capital management policy is to ensure an organization is able to continue business operations and has adequate ability to satisfy both short-term debt and upcoming operational expenses. Simply stated, "good management of working capital will generate cash, improve profits and reduce risks" (Anonymous, 2007, para. 2). Lawrence Sports, a manufacturer and distributor of sporting goods equipment, is currently facing a number working capital and cash flow management issues largely related to past due payment of their largest customer, Mayo Stores...

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