Could someone correct me if I have this wrong - the 4C is a cash flow statement (cash in/cash out) for the quarter.Cash in would not necessarily reflect sales for the quarter as payment for September sales would probably not be received until October whereas wages costs for those sales would have been paid out in September. Whilst I believe cash flow statements are important to know a company's liquidity I don't believe we can assess profitability or do meaningful projections based on cash.
What do you want from the Quarterly, page-44
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