RE:Where did the cash go? I just check current assets total - current liabilities total, quarter to quarter. The fluctuation from Q4 is mainly a paydown in accounts payable, which is normal and fine. Comparing this year's Q1 to last years Q1, current assets - liabilities, shows a big cash build.
I need to check on this, but what's likely is Q2 will be hugely profitable, cash will grow, but so will inventory, so cash will grow less than profits. Q3 similar with more of a cash build and less inventory build, then Q4 comes in as the haymaker, where inventory declines and cash goes through the roof.