Friday, November 25, 2022 2:19:50 PM
SIRC's Account Receivables are only $5,511,696.
Their Accounts Receivables of $76,976,192 are work in progress. If I am wrong about what I put below will someone, please tell me.
If I am right will everybody get of the subject.
$76,976,192 are work in progress which I believe means partial receivables on jobs in progress.
The complete receivables for the jobs will be invoiced when completed.
Then it would become a regular accounts receivable.
Cashflow is a killer.
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