What was the reported amount of other current assets for Aunt Millies Bakeries in 2023?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
es, Inc.'s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control—related matters that we identified during the audit.
Crown LIP
Fort Wayne, Indiana January 31, 2025
PERFECTION BAKERIES, INC. CONSOLIDATED BALANCE SHEETS September 30, 2024 an
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the company's other current assets totaled $159,337 in 2023. This figure is part of the broader category of current assets, which also includes cash and cash equivalents, marketable securities, routes held for sale, receivables, and prepaid expenses.
For a prospective franchisee, understanding the composition of current assets can provide insights into the company's short-term financial health and liquidity. Other current assets typically include items that are not easily converted to cash within a year, but are still considered part of the company's operational resources.
It's worth noting that in 2024, this 'other' category decreased to $114,056. Reviewing these figures over time can reveal trends and potential areas of financial management that may impact franchisees. Comparing these figures with industry benchmarks and the financial performance of other franchisees can offer a more comprehensive understanding of the financial dynamics within Aunt Millies Bakeries.