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Lawrence Sports Working Capital Policy Paper. Lawrence Sports ... capital. Lawrence
Sports’ working capital policy appears too informal. The ...
Lawrence Sports Working Capital Policy. Running head: LAWRENCE SPORTS ... Phoenix
(2007). Lawrence Sports working capital policy. Retrieved July14 ...
Lawrence Sports Working Capital Policy. Running Head: Lawrence Sports ... Phoenix
(2007). Lawrence Sports working capital policy. Retrieved January ...
Lawrence Sports Working Capital Policy Paper. Working Capital Policy The
goal of a company is to create value for its shareholders. ...
... Lawrence Sports Working Capital Policy Paper MBA550 January, 2008 University of
Phoenix Many companies today are faced with challenging decisions regarding ...
Submitted by almostdone on July 22, 2007
Category: Business
Words: 2331 | Pages: 10
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Running head: LAWRENCE SPORTS WORKING CAPITAL POLICY
Lawrence Sports Working Capital Policy Paper
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Lawrence Sports Working Capital Policy Paper
Lawrence Sports, also referred to as L.S. is a manufacturing and distribution company. L.S. makes and distributes equipment and protective gear for baseball, football, basketball, and volleyball. L.S. purchases its materials from Gartner Products and Murray Leather Works. L.S. also distributes 95% of its products to Mayo Stores and has revenues of $20 million. L.S.
recently hired a financial manager to help with the current capital management position. The basis of this paper is to examine Lawrence Sports current use of cash budgeting and to describe the weaknesses that exist in the working capital policies that is leading to the interruption of cash flow problems. Operating a business with a balance in capital management is essential to every business whether small or large. Maintaining constancy in cash flow operations is vital for the survival of the business. A business could find itself at a production standstill or even bankruptcy because of a lack of cash. The Lawrence Sports scenario in my opinion lack strategic capital working policies as well as broad selection of customers and suppliers. The following working capital strategies should be applied to the Lawrence Sports scenario:
1. Cash balance requirements including cash reserves needed for long term opportunities that may arise.
2. Credit policy that balances Lawrence Sports desire to minimize accounts receivable and maximize revenue.
3. Supplier negotiation strategy for terms of payment that balances the costs to Lawrence Sports and their cash requirements.
4. Short term financing strategy to ensure availability of an adequate line of credit while minimizing...
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