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Contract Creation

Working capital management
Raleifoot Chisolm
FIN 554 Finance for Managerial Decision Making
University of Phoenix
Jerry Udoh
June 6, 2006

MEMORANDUM

TO: Stephanie Sanders, CFO
FROM: Raleifoot Chisolm
DATE: June 6, 2006
SUBJECT: Working Capital Management
Dear Stephanie Sanders:
Lawrence Sports is $ 20 million revenue companies that manufactures and distribute equipment and protective gear for baseball, football, and volleyball. Our principle customer is Mayo; they contribute to 95% of our sales. They are # 1 in Canada, and have stores in the U.S and Mexico.
Gartner is our main supplier of wood working process, testing equipment, fabric and accessories. We depend on them for 70% of our raw materials.
Lawrence Sports contributes to 75% of Murray's sales. They supply us with semi-leather products.
Our line of credit is $1.2 million, but the interest increase with our increase in borrowing. We also have to keep a minimum cash of $50,000.
During the period of......


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Approximate Word Count: 436
Approximate Pages: 2 (250 words per double-spaced page)

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