The change in DSO was largely the result of lower revenue and slower collection of accounts receivable for the first quarter of fiscal 2017, compared to the first quarter of fiscal 2016. Inventories decreased to $16.1 million or 12% from $18.3 million as of March 31, 2016, and were significantly down from $26.4 million as of June 30, 2015. Inventories decreased as a result of the shipment of finished goods and the reduction of raw materials. Our accounts payable and accrued expenses were $13.2 million as of June 30, 2016, which was flat with March 31, 2016 and down significantly compared to $23.4 million as of June 30, 2015. I am very pleased with these significant year-over-year improvements in our balance sheet, which is now displaying the overall improving health of our Company. A healthy balance sheet is critical to our business, and vendors, customers, lenders and employees are all monitoring the strength of our balance sheet. Our total backlog as of June 30, 2016 was $108.4 million, compared to $109.6 million as of March 30, 2016, and $160.5 million as of June 30, 2015. The year-over-year decrease was $52.1 million or 33%. medical interview outlineThe decrease in backlog includes our decision in fiscal 2016 to remove $51.6 million or 186 units totaling 53.8 MW in backlog from one of our Russian distributors, BPC, which aligned our backlog with management’s expectations because of the macro economic climate in Russia, and the softness in the oil and gas market. http://arianaellissmart.rachelstevens.us/2016/08/02/great-advice-on-trouble-free-products-in-specialist-traineeOur book-to-bill ratio for the quarter improved to 0.9 compared to 0.7 in the year ago first quarter.
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