Week 3 Fun Essay

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Cash Conversion Cycle?
Lawrence Sports was experiencing difficulties collecting payments from its partner’s sales. Some of the partners had outstanding payments on purchases over extended periods, reducing Lawrence Sports total cash flow. The cash conversion cycle reveals the amount of time Lawrence Sports has to convert the sales from its partners into cash. This cycle involves the amount of time companies such as Lawrence Sports has to sell its inventory, collect receivables on purchases, and the amount of time the company is given to pay additional bills before experiencing penalties (). The scenario showed that Lawrence Sports had not received payments from its partners in the months of March and April. Because zero payments were received in these months Lawrence Sports had to borrow from the bank until all accounts were receivable. The company has an outstanding balance of 1024 from previous borrowing made in the month of March. When there is a cash deficit, Lawrence Sports has an automatic borrowing system from the bank to cover any expenses. In order for the company to increase its cash conversion cycle and reduce the outstanding borrowing balance, the best scenario is for the company to continue to borrow money from the bank until all receivables are converted into cash.
Implementation Plan for Success?

References
Bender, J. F. (2012). The Average Interest Rate. Retrieved August 20, 2012, from Chron: http://smallbusiness.chron.com/average-interest-rate-small-business-loans-15342.html
Cash Conversion Cycle. (2012). Retrieved from

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