What was the total noncurrent assets for Afuri Ramen Dumpling in the provided financial data?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
| CURRENT ASSETS Cash and cash equivalents | S | 926,082 | s | 467,067 |
|---|---|---|---|---|
| Accounts receivable | ъ. | 48,765 | 4 | 22,323 |
| Prepaid Expense | 4,484 | 9,720 | ||
| Total current assets | - | 979,331 | - | 499,110 |
| 7 3437 5477 5477 5477 5477 5477 5477 547 | 1.0 | 0.0,001 | - | 100,110 |
| PROPERTY AND EQUIPMENT | _ | 5,647 | _ | 7,153 |
| NONCURRENT ASSETS | ||||
| Due from parent | 318,321 | |||
| Intangible assets | 94,996 | 69,040 | ||
| Total noncurrent assets | 94,996 | _ | 387,361 |
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the company's financial statements include details on noncurrent assets. The total noncurrent assets for the period are listed as $94,996 for one year and $387,361 for another year.
Specifically, the noncurrent assets include items such as 'Due from parent' which is listed at $318,321 for one of the years, and 'Intangible assets' which are valued at $94,996 and $69,040 for the respective years. These figures provide a snapshot of the company's long-term investments and assets that are not expected to be converted to cash within one year.
A prospective franchisee should pay close attention to these figures as they reflect the financial stability and long-term investments of Afuri Ramen Dumpling. Understanding the composition and changes in noncurrent assets can offer insights into the company's growth strategy and financial management practices. It's important to compare these values over multiple periods to identify trends and assess the company's financial health.