factual

What was the cash and cash equivalents amount for Afuri Ramen Dumpling in the provided financial data?

Afuri_Ramen_Dumpling Franchise · 2024 FDD

Answer from 2024 FDD Document

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.

Source: Item 23 — Receipts (FDD pages 50–189)

What This Means (2024 FDD)

I am unable to provide the cash and cash equivalents amount for Afuri Ramen Dumpling, as the provided excerpts from the 2024 Franchise Disclosure Document do not contain a balance sheet or statement of cash flows. These financial statements would typically list the cash and cash equivalents as an asset on the balance sheet for specific years. The excerpts do discuss the company's accounting policies regarding cash and cash equivalents, defining them as highly liquid investments with original maturities of three months or less. They also mention that the company maintains cash in bank accounts, which at times may exceed federally insured limits.

To obtain the specific cash and cash equivalents figures, a prospective Afuri Ramen Dumpling franchisee should carefully review the complete financial statements within Item 23 of the FDD. This section would provide a detailed financial overview of the franchisor's financial health.

Specifically, the franchisee should request and examine the balance sheets for the past three fiscal years, if available, to track the trend in cash and cash equivalents. This information is crucial for assessing the franchisor's liquidity and overall financial stability. Understanding the franchisor's cash position can help a franchisee evaluate the financial support and resources Afuri Ramen Dumpling can provide to its franchisees.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.