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To: Lazarus Long who wrote (15314)6/23/1998 10:23:00 PM
From: Gary Jacobs  Read Replies (1) | Respond to of 50264
 
oh, and they are now asking us to forget their prior posts. more rope please.....



To: Lazarus Long who wrote (15314)6/23/1998 11:06:00 PM
From: Patricia  Respond to of 50264
 
Lazarus...

Are you a mind reader? <g>
BTW....sssssssh! Your giving away all our secret formulas!

Patricia



To: Lazarus Long who wrote (15314)6/24/1998 10:02:00 AM
From: Lazarus Long  Read Replies (1) | Respond to of 50264
 
Hey folks... I need to correct something...

Yesterday, I said the current ratio was 1:5 (current debt to current liabilities)... that is inaccurate... I used the entire notes receivable figure, not just the current portion (typically defined as being due in one year).

Even using the current portion of the notes receivable (~$2M), the ratio still approximates 1:2 (current liabilities to current assets). It still indicates that there is no difficulty here.

Lazarus, sorry to have made the mistake.