Sun, May 19, 2013, 4:07 PM EDT - U.S. Markets closed
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azo is insolvent and will declare bankruptcy, suppliers will be forced to take 0.10 on the dollar for their inventory.
Do they pay only when paid who are the biggest azo suppliers ?
at 112.3% accounts payable to inventory means vendors own all the items in the store, even better the company owes the vendors $65,000 per store.With working capital at (736,293) I would opine that they sell the items before they have to pay for them.