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Rhenarium

01/30/15 10:19 AM

#21890 RE: Dr_Thorfin #21886

On the low end (for receivables factored at/below 20%), 13% of gross billings where net revenue was approximately 46% of gross billings. So (13% / .46) = 28% of net revenue.

On the high end (for receivables NOT factored, or factored above 20%), , 17.5%, so (17.5% / .46) = 38% of net revenue.