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Tuesday, August 15, 2017 8:40:53 AM
They are already halfway through Quarter 2 and should be able to project a roundabout number, give or a take but at least in the ball park, of what Q3 will show. He also should be explaining what makes up that high liability number from Q2. As always, we need more info.
I work in accounting, not a know it all but I know what this shows. Even with high sales it doesn't necessarily mean high revenue. He has to explain this so it all comes to an understanding of where they are at. Q3 could be banner in sales but his liabilities could even go up more than they are or remain the same if they he is not paying things off, who knows?
Did I expect a banner report? No. But I also did not expect money to be spent the way it was spent.
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