What were the total current assets for Aunt Millies Bakeries as of September 30, 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.
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Crown LIP
Fort Wayne, Indiana January 31, 2025
PERFECTION BAKERIES, INC. CONSOLIDATED BALANCE SHEETS September 30, 2024 and 2023
| ASSETS | 2024 | 2023 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 13,448,624 | |
| Marketable securities | 2,843,259 | 67,400 |
| Routes held for sale | 1,096,406 | 1,720,086 |
| Receivables | ||
| Trade | 26,434,283 | 29,360,841 |
| Current maturities of notes receivable – distri |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the consolidated balance sheet shows the company's total current assets as of September 30, 2023. The total current assets for Aunt Millies Bakeries were $53,780,430. This figure represents the sum of various liquid assets that the company could readily convert to cash within a year. These assets include cash and cash equivalents, marketable securities, routes held for sale, receivables, inventories, and prepaid expenses.
Understanding the composition of current assets is crucial for prospective franchisees. For instance, a significant portion of current assets is tied up in receivables ($27,136,833), which represents money owed to Aunt Millies Bakeries by its customers. The ability to efficiently collect these receivables directly impacts the company's cash flow and its capacity to meet its short-term obligations. Similarly, the level of inventories ($14,157,347) indicates how well Aunt Millies Bakeries manages its stock of baked goods and other products. Efficient inventory management is essential to minimize waste and ensure product availability for distributors.
Furthermore, the balance sheet also provides a comparative view of Aunt Millies Bakeries's financial position over time. By comparing the 2023 figures with those from 2024, potential franchisees can assess the company's financial performance and identify any trends or fluctuations in its asset base. For example, the total current assets increased from $53,780,430 in 2023 to $61,193,858 in 2024, indicating a positive growth trajectory. Analyzing these financial statements helps franchisees evaluate the financial health and stability of Aunt Millies Bakeries before making an investment decision.