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DewmBoom

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DewmBoom

Re: None

Saturday, 07/20/2019 6:31:03 PM

Saturday, July 20, 2019 6:31:03 PM

Post# of 255584
Accounts Receivable 10/31/18 was $4,851,862 plus 6 months sales of $2,915,884 = $7,767,746. This represents the money owed the company if they did not collect any cash for their sales. Now subtract the A/R on 4/30/19 of $6,575,831 and you get the amount collected during the first 6 months, $1,191,915. People are buying the product and the company is making money.

Good luck to all.

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