Submitted by patiencemkp on June 14, 2008

• Category: Business
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Lawrence Sports Working Capital Policy Paper

Lawrence Sports Working Capital Policy Paper
Lawrence Sports is in a quandary with the working capital policy. Currently, the corporation is relying on one major customer (Mayo Stores) and their accounting procedures to manage Lawrence Sports working capital. This is resulting in a cash flow crisis in times where Mayo has not honored the existing terms of payment. In order to maximize shareholder wealth, Lawrence Sports must establish cash balance requirements that will meet existing obligations and finance future opportunities. This can be accomplished by recognizing cash balance requirements, reviewing existing credit policies, negotiating supplier terms and conditions, having a...

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