Working Capital Strategies
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Please, I need to identify and research two companies that have faced specific issues related to those you identified in the scenario Lawrence Sports faced and connected with the course concepts. For each company selected, discuss the following in a 350-word synopsis: (A) issue identified in the scenario that is also facing the company, (B) how the company responded to the issue, and (C) outcomes of the company's response to the issue.
The focus of the two companies should relate to successful short-term financing alternatives and working capital strategies that prepare the company for long-term opportunities
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Please, I need to identify and research two companies that have faced specific issues related to those you identified in the scenario Lawrence Sports faced and connected with the course concepts. For each company selected, discuss the following in a 350-word synopsis: (A) issue identified in the scenario that is also facing the company, (B) how the company responded to the issue, and (C) outcomes of the company's response to the issue.
The focus of the two companies should relate to successful short-term financing alternatives and working capital strategies that prepare the company for long-term opportunities.
Company Identified: Chrysler LLC:
: (A) issue identified in the scenario that is also facing the company,
The issue identified in the scenario that is facing the company is that business has incurred a loss and is having problems meeting its working capital requirements. The situation at Chrysler is so precarious that people were expecting that the company may go bankrupt. The current year losses are likely to touch $1.6 billion. The company is facing financial distress because it has not been able to reach its revenue targets and is not able to defray its costs. The car market is weak and so is the US economy.
(B) how the company responded to the issue,
The company has responded to the issue by selling off idle factories and land. It is expected that the selling of assets will ...
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