Resource: The Lawrence Sports Simulation located athttps://ecampus.phoenix.edu/secure/resource/vendors/tata/sims/finance/finance_simulation1.html
Create at least three alternative working capital policies that reduce future difficulties, and make a recommendation on which policy Lawrence Sports should follow. Your recommendation must include:
· An evaluation of the risk associated with the recommendation
· Contingencies for the recommendation
· Performance measures that are used to evaluate your recommendation
· An implementation plan for your recommendation
Write a paper in no more than 1,750 words discussing your recommendation. Your paper must include a review of the cash conversion cycle for Lawrence Sports Simulation and its importance to their working capital management. Develop and explain your recommendation as fully as possible.
Format your paper consistent with APA guidelines.
In today’s society management needs to implement new ideas and strategies to increase profits and revenues for the organization as well as utilize effectively the working capital management within the organization in order for the business to remain successful. Lawrence Sports, a manufacturing company that produces equ