could you explain what is meant in the following statement...
Revenues from three customers comprised 33%, 27% and 26% of revenue for the nine months ended December 31, 2008. Sales to three customer comprised 37%, 26% and 20% of revenue for the nine months ended December 31, 2007. Accounts receivable from one customer comprised 95% of net accounts receivable at December 31, 2008 and three customers accounted for 61%, 14% and 12% of net accounts receivable at December 31, 2007.
This is the only item I'm stuck on, does it represent the most recent Qt?
The way I'm seeing this, receivables for this Qt are:
256,033(IFE) and 3,650,000(IP litigation).....3,650,000 is 95% of the total.
What the heck does it mean? Why is it not represented as 2 customers as you suggest?
doni
