Lawrence Sports - Working Capital
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Propose a solution to help Lawrence Sports develop a working capital policy and a cash budget to optimize working capital. Remember that your solution needs to focus on the cash budgeting and working capital concepts covered in the course. Be sure to incorporate appropriate citations from your readings and research.
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Solution Summary
This paper is an analysis of the Lawrence Sports scenario. Using the nine-step problem-solving model, the paper proposes a solution to help Lawrence Sports develop a working capital policy and a cash budget.
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-- Keep in mind that for this assignment, you need to focus solely on cash budgeting and working capital concepts (nothing more, nothing less). Your instructor will look for the inclusion of these concepts in your paper.
SUGGESTION FOR Introduction
According to Brealey et al, "Short-term, or current, assets and liabilities are collectively known as working capital" (2005). ...
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