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	Clarkson Lumber
	... ) Why has Clarkson Lumber borrowed increasing amounts despite its consistent profitability? Clarkson is borrowing money from the bank is because he is paying his purchase of Harry Holtz’s equity stake of the company and the growth in NWC requirements. ... Clarkson met the financing needs of the company during the period 1993 through 1995? Has the financial strength of the Clarkson Lumber improved or deteriorated? Clarkson has been financing the company’s needs through operating CF, increase in payables, the bank loan from County National Bank, and the financing from the buy-out of Holtz’s equity stake. Approximate Word count = 407 Approximate Pages = 1.6 (250 words per page double spaced)

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