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Stephen Benson March 23rd, 2005 Advanced Financial Management Mr. Ted Poatsy Clarkson Executive Summary Clarkson Lumber Company is looking to increase profits and gain better control of operating expenses. Currently, they've been experiencing a slow and steady growth, but because of the need to payoff a $200,000 note that was issued to former partner Mr. Hotlz to buyout his interest in the business, operating expenses have begun to increase at a rapid rate, and is creating a loss in profits. This has caused Mr. Clarkson to look for a larger loan that would bolster his cash flow, and allow him to take advantage of discounts on his inventory purchases. Northrup National Bank is considering extending Clarkson Lumber Company a revolving note of up to $750,000. Before making a recommendation on this note, I see three areas that need better management to improve profitability; inventory, operating expenses, and the $200,000 note for Mr. Holtz. When looking over...

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