Title: LawrenceSport Working Capital Policy

Essay Details

Subject: Business
Author:
Date: November 27, 2011
Level: University
Grade: A
Length: 8 / 2161
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

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 Mayo Stores: a corresponding cash flow deficit forced on Lawrence Sports which has forced the company to use their line of credit with high interest payments to stay afloat...

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The result for such delinquent behavior on the part of Mayo Stores: a corresponding cash flow deficit forced on Lawrence Sports which has forced the company to use their line of credit with high interest payments to stay afloat. Companies should develop working capital strategies in preparation for long-term opportunities...

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