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Lawrence Sports, on the other hand is one of Murray’s major customers, contributing 75% of its sales, and it sources approximately 70% of its raw materials from Gartner.
Good cash management is the backbone of every well-run organization. When day-to-day cash-flows are taken care of smoothly, top management gets the time and peace of mind to concentrate on long-term strategic planning.
Although working capital management has no difficult conceptual issues, it is a vital process for running a business. The best Capital Budgeting and Financing decisions will not help a company that has difficulties in paying its bills...
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