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3,788 Posts.
1121
31/08/16
12:00
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mais oui...
crazy acct!
|
Column 1 |
Column 2 |
| 0 |
gross profit |
$ 84,095 |
| 1 |
|
|
| 2 |
Selling & distrib expenses |
($ 101,268 ) |
| 3 |
Admin expense |
($ 49,237 ) |
| 4 |
|
($ 66,410 ) |
COST MORE TO SELL THE ITEMS THEN "PROFIT" MADE!!!
after just sellimg & distrib expenses of $100M, cancels the ENTIRE GROSS profit! let alone a further $49M of admin....
that is just the tip of the surface....even the captain of the titanic didnt see what was hiding under the surface...
NTA of 12c based on non cash deferred tax, property plant, intangibles and goodwill which total ~ $25M.
Current assets like cash barely cover the payables, and if you exclude inventory, dont cover them at all!!!
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