Working Capital Management Concepts Worksheet
Submitted by help9112008 on May 5, 2009
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Working Capital Management Concepts Worksheet
Working Capital Management Concepts Worksheet
Concept Application of Concept in the Simulation Reference to Concept in Reading
Describe the firm’s cash conversion cycle:
Cash Inflow
Lawrence’s Sports is a $20 million revenue company that manufactures and distributes equipment and protective gear for baseball, football, basketball, and volleyball. The world’s leading retailer, Mayo Stores, is Lawrence’s principal customer, contributing to about 95% of its sales. The existing payment terms for Mayo are 20% collection on sales, the remaining 80% in the following week.
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