Lawrence Sports

Looking in detail at Lawrence Sports present imbursement situation and the following contracts are in place:

Revenues Collection on Sales Payable the Following Week

Mayo 20% 80%

Gartner 40% 60%

Murray 15% 85%

Lawrence Sports Credit Line with Bank - $1.2M

Retained Required Balance - $50,000

Payment Loan - paid the last week of each month

Interest Rate - 16%

Cash Deficit - Need to be solve by May

Mayo Store - 95% of Lawrence's Sports sales (Valuable)

Gartner and Murray - Companies that source Lawrence Sports Materials

Cash Deficit - March 17 April 27

Mayo will have an extra week for paying 80% payment for the sales in the weeks of March 10-30

Lawrence Sports will collect 30% on sales

Remaining 70% the following week

Lawrence Sports pay Gartner 40% payment on purchase

20% in two weeks and 40% in the next week and 45% the week after

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