Submitted by kenyon on December 3, 2007

• Category: Business
• Words: 1052
• Pages: 5
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Working Capital Policy: Strategies In Action

Working Capital Policy
Working capital practices include the management and delicate balance of accounts receivables, accounts payables, inventory levels, and cash flows. The working capital managers at Lawrence Sports find the corporation in an intricate position following defaults and delays on receivables from the Mayo Stores that have directly affected their working capital practices, namely debt payment. The result for such delinquent behavior on the part of the May stores: a corresponding cash flow deficit forced on Lawrence Sports which has forced the working capital managers to take out large bank loans with high interest payments, loans which they are sometimes not able...

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