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Essay

Reed's Clothiers

Essay specific features

 

Issue:

Business

 

Written by:

Andrew L

 

Date added:

December 31, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1552

 

Was viewed:

1186 times

 

Rating of current essay:

 
Essay content:

As the years progressed, Reed’s Clothiers success grew along with their inventory stock. Because of the rapid growth in Reed’s Clothiers’ inventory, debt was incurred. As the debt grew out of control and accounts became past due, Jim decided to make a visit to the bank his family did business with...
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There he learned that he was over extended in his credit and that he now had more debt and past due accounts than he did cash flow. The banker suggested that Jim hire a specialist to help manage his inventory and to get the company back on track. It was then Jim knew Reed’s Clothiers was in financial trouble...
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