Lawrence Sports
Abstract
In today's business environment, in order to maintain financial viability organizations must adhere to the basics of business strategy which is to be profitable and continually increase revenues for shareholders. Working capital is defined as "the assets of a business that can be applied to the operations" or "the amount of current assets which exceed the current liabilities" (Answers, 2007, para. 1) Working capital management involves the "deployment of current assets and current liabilities as to maximize short-term liquidity" (The Free Dictionary, 2007, para. 1). The intent of a working capital management policy is to ensure an organization is able to continue business operations and has adequate ability to satisfy both short-term debt and upcoming operational expenses. Simply stated, "good management of working capital will generate cash, improve profits and reduce risks" (Anonymous, 2007, para. 2).
Lawrence Sports, a manufacturer and distributor of sporting......
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Approximate Word Count: 5022
Approximate Pages: 21 (250 words per double-spaced page)
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