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Question 1 (25 Marks) Maxim Limited is a clothing manufacturing company. The company specializes in manufacturing seasonal clothing. In their last quarter ending June 2020

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Question 1 (25 Marks) Maxim Limited is a clothing manufacturing company. The company specializes in manufacturing seasonal clothing. In their last quarter ending June 2020 their sales were heavily affected by the COVID 19 pandemic and as a result they are stuck with huge quantities of unsold winter clothes. Spring and summer are fast approaching and the company realizes they do not have enough money to finance the summer season which lasts about 6 months only. The finance manager has approached you as their bankers with their predicament. Present to Maxim Limited the various alternatives available to get Maxim Limited out of this problem. Each alternative must be critically evaluated. (25 Marks)

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