Resource:The Lawrence Sports Simulation located at https://ecampus.phoenix.edu/s

Resource:The Lawrence Sports Simulation located at https://ecampus.phoenix.edu/secure/resource/vendors/tata/sims/finance/finance_simulation1.htmlCreateat least three alternative working capital policies that reduce future difficulties and make a recommendation on which policy Lawrence Sports should follow. Your recommendation must include: An evaluation of the risk associated with the recommendation Contingencies for the recommendation Performance measures that are used to evaluate your recommendation An implementation plan for your recommendationWritea paper in 1750 words discussing your recommendation. Your paper must include a review of the cash conversion cycle for Lawrence Sports Simulation and its importance to their working capital management. Develop and explain your recommendation as fully as possible.Formatyour paper consistent with APA guidelines.