Jim Reed and Reeds Clothier

REEDS CLOTHIER

University of Phoenix

FIN 370

Reed's Clothier is a clothing store in business since 1934 and is currently being operated by Jim Reed II. Jim has had some gloomy days recently in the store and is in need of some rejuvenation. Reed's Clothier currently is in some serious cash flow issues stemming from buying the whole entire building years ago and not having a renter in the building now that the law office has left. Reed's also has not been taking advantage of the huge discounts offered by their vendors because they need the time to manage the cash flow. In addition, Reed's has a great deal more inventory on hand than the demand is currently calling for in the market. Reed's needs to stay ahead of their vendors' payables by making some...