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Post# of 146837
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TenKay

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TenKay

Re: TenKay post# 133066

Wednesday, 04/16/2014 9:04:05 AM

Wednesday, April 16, 2014 9:04:05 AM

Post# of 146837
As best as I can tell they collected VERY LITTLE.

Revenues for 2013 = $52,764,773

of that...

Bad debt = $25,051,486
Current net receivables = $27,437,813

So $52,489,299 of the revenue is either an account receivable or a bad debt.

That means that MAYBE they collected $275,474 in ALL of 2013. That is 0.5% of the revenues in 2013

wow.
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