What is the difference in total current assets between 2022 and 2023 for Bens Soft Pretzels?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
p, P.C.
Elkhart, IN June 9, 2025
BEN'S SOFT PRETZELS FRANCHISING CORPORATION BALANCE SHEETS
December 31, 2024, 2023, and 2022
| 2024 | 2024 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current assets | ||||||
| Cash and cash equivalents | $ | 542,890 | $ | 487,528 | $ 466,776 | |
| Accounts receivable, net | 255,151 | 116,811 | 125,116 | |||
| Franchise fees receivable | 15,000 | 21,000 | 40,000 | |||
| Related party receivables | 460,463 | 525,533 | 497,538 | |||
| Rebates receivable | 18,548 | 25, |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 46)
What This Means (2025 FDD)
According to Bens Soft Pretzels' 2025 Franchise Disclosure Document, the company's total current assets were $1,155,203 in 2022 and $1,204,247 in 2023. This represents an increase of $49,044 in total current assets from 2022 to 2023.
Total current assets are a key indicator of a company's short-term financial health. They include items like cash, accounts receivable, and prepaids, which can be readily converted into cash within a year. A higher value of current assets relative to current liabilities suggests that Bens Soft Pretzels has sufficient liquid assets to cover its short-term obligations.
For a prospective franchisee, this information provides insight into the financial stability and liquidity of Bens Soft Pretzels. A consistent increase in current assets year-over-year may indicate effective financial management and growth. However, it is important to consider these figures in conjunction with other financial metrics and industry benchmarks to gain a comprehensive understanding of the company's financial performance.