What was the total amount of current assets for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Current assets | |||
|---|---|---|---|
| Cash and cash equivalents | $ 10,716 | $ 26,197 | |
| Accounts receivable, net | 29,858 | 25,763 | |
| Merchandise inventories, net | 56,393 | 48,576 | |
| Prepaid expenses | 4,426 | 4,665 | |
| Due from marketing fund | 668 | 1,034 | |
| Total current assets | 102,061 | 106,235 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the company's total current assets in 2023 were $106,235. Current assets include cash and cash equivalents, accounts receivable, merchandise inventories, prepaid expenses, and amounts due from the marketing fund.
Understanding the composition and amount of current assets is crucial for prospective franchisees. It provides insight into the company's liquidity and its ability to meet short-term obligations. A higher value of current assets relative to current liabilities generally indicates a stronger financial position.
For a potential Batteries Plus Bulbs franchisee, this information is useful for assessing the financial health of the franchisor. It is advisable to compare these figures with previous years and industry benchmarks to identify any trends or potential areas of concern. Additionally, it's important to review the notes to the financial statements for more detailed explanations of these assets.