Discussion Assignment
Please discuss the Atlantic Lumber Traders case study, focusing the following elements of the case:
(1) Identify the problem in financial terms
(2) Diagnose the cause(s) by identifying specific business practices or situations that created or caused the problem
(3) Prescribe possible alternatives
(4) Recommend a plan of action (decision/implementation) along with proposed financial metrics (ratios/measures) which would define improvement success
(5) State the importance and relevance of the case to the study of business.