What were the total current assets for All County in 2023?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
ults of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America
Joe Teston CPA Advisors St. Petersburg, Florida January 28, 2025
Joe Teston CPA Advisors
Balance Sheets
at December 31, 2024, 2023, & 2022
| Year 2024 | Year 2023 | Year 2022 |
|---|
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the company's total current assets in 2023 were $126,332. This figure represents the sum of All County's cash and cash equivalents, commissions receivable, and notes due from franchisees at the end of the 2023 fiscal year. Current assets are those that can be converted to cash within one year.
Understanding a company's current assets is crucial for prospective franchisees. It provides insight into the company's short-term financial health and its ability to meet its immediate obligations. A higher value of current assets generally indicates a stronger liquidity position.
It is important to note that while the FDD provides this historical financial data, it may not be indicative of future performance. Prospective franchisees should carefully review All County's complete financial statements and consult with a financial advisor to assess the company's financial stability and future prospects.