Problem Solution: Lawrence Sports

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Susan T


Date added:

October 8, 2014








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14 / 3831


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The scenario also places emphasis on the importance of having adequate collection policies and payment terms. By developing metrics to monitor working capital management, firms allow themselves the opportunity to increase their revenues and optimize their resources. Situation Analysis Issue and Opportunity Identification Lawrence Sports is a $20 million revenue company that manufactures and distributes equipment and protective gear for baseball, football, basketball, and volleyball...
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Lawrence’s principal customer is Mayo Store, the world’s leading retailer; they comprise 95% of Lawrence Sport’s annual sales. Gartner Products and Murray Leather Works are Lawrence’s two main suppliers. Gartner Products is an industry leader owning 37% of the market with revenues over $200 million...
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