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Essay

Lawrence Sports

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Joe B

 

Date added:

April 10, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

18 / 5029

 

Was viewed:

3273 times

 

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Essay content:

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...
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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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