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Monday, July 29, 2013 3:54:25 PM
The current ratio is a financial ratio that measures whether or not a firm has enough resources to pay its debts over the next 12 months. With 1.07 current ratio, they are in order to meet their short term obligations over the next 12 months. In addition to that per their last Q report, they have grown from 8 stores to 14 stores.
In addition, taken from their financials,
Revenue for the three months ended March 31, 2013 was $2,503,872 as compared to $1,183,716 for the three months ended March 31, 2012. An increase for the three months ended March 31, 2013 of $1,320,156 or 112%.
Now take into account that they are far exceeding their revenue goals from that quarter, in addition going into the holiday season where
Steady job growth fueled by temporary and tech hiringhttp://msn.careerbuilder.com/Article/MSN-3412-Job-Info-and-Trends-Steady-job-growth-fueled-by-temporary-and-tech-hiring/
From CEO of CareerBuilder:
"Over the next six months, there will be a continued boost in temporary hiring activity. Thirty-one percent of employers plan to hire temporary or contract workers, up from 21 percent last year."
Temporary Job Growth Expected To Outpace Permanent Job Growth Over Last Six Months Of 2013
http://www.ibtimes.com/temporary-job-growth-expected-outpace-permanent-job-growth-over-last-six-months-2013-1341973
"according to more than 2,000 hiring managers and human resource professionals polled across numerous industries and company sizes. Employers say that temp hiring will increase 10 percentage points above last year's level from 21 percent to 31 percent. "
What you have is all of the makings of a start up company with growth, increasing revenues, and hitting the market at the right time to become very profitable.
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