Numbers cannot lie. But the person presenting it can mislead.
Here is another set of numbers that 'cannot lie'.
Look at the previous year's money converting to this year's cash ratio. It seems to be up there with all your other companies.
Law firm have work first than pay later structure, and most of Shine's jobs are more than one year in cycle, so that's only fair to compare previous year's work to this year's cash.
Ann: Market Guidance, page-36
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