Lawrence Sports
Lawrence Sports is a $20 million review company that manufactures and distributes equipment and protective gear for baseball, football, baskeball, and volleyball. The company has hired recently a Finance Manager who will be responsible for managing the working capital needs of the company while maintaining good relationships with its three business partners (Working Capital, 2007). Working capital management is the financial foundation vital to the success of businesses. Working capital, simply defined, is current assets less current liabilities. It refers to the amount of capital that is readily available to an organization. Working capital management involves managing inventories, accounts receivables and payable as well as cash. (Allen. 2005, p832). In this paper, the author has benchmarked six companies and compared issues relating to short-term financing options, commitment bank loans, cash conversion cycle and risk & opportunities to issues similarly faced by Lawrence......
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Approximate Word Count: 638
Approximate Pages: 3 (250 words per double-spaced page)
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