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Essay Details:
Essay text:
Lawrence Sports is a company that manufactures and distributes sports equipment and protective gear. Lawrence has a cash flow problem do to its largest customer, Mayo Stores not paying on time. In this paper we will look at Lawrence's financial problem and create a working capital policy for Lawrence Sports that address their cash management needs for the long term.
Problem Solution: Lawrence Sports Inc
Working capital refers to the cash a business requires for day-to-day operations, or more specifically, for financing the conversion of raw materials into finished goods, which a company sells for payment...
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