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Monday, June 15, 2015 4:58:22 PM
"Accounts receivable shows money coming in from somewhere."
That means that DNA shipped product to one or more distributors and had not yet received payment but March 31st.
So, DNA may have shipped something at year end 2014 and the distributor was waiting until the last minute to pay on a net 90 payment arrangement. Remember that February is a short month
It also could mean that a distributor was supposed to have paid, and was late or even refusing to pay.
It could also mean that a liquidator, like Big Lots, that took product on consignment which means that they do not have to pay until they sell.
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