What was the reported value of prepaid expenses for Big O Tires in 2024?
Big_O_Tires Franchise · 2025 FDDAnswer from 2025 FDD Document
The accompanying notes are an integral part of these consolidated financial statements.
(A Joint Venture of Michelin North America, Inc. and Sumitomo Corporation of Americas) Notes to Consolidated Financial Statements March 31, 2025, 2024 and 2023
(USO in thousands, unless otherwise noted)
Source: Item 23 — RECEIPTS (FDD pages 102–535)
What This Means (2025 FDD)
According to Big O Tires' 2025 Franchise Disclosure Document, the consolidated financial statements include notes for the years ending March 31, 2025, 2024, and 2023. These notes are an integral part of the financial statements. The financial statements are presented in thousands of U.S. dollars (USD). However, the excerpt does not specify the exact value of prepaid expenses for Big O Tires in 2024.
While the provided excerpts from the FDD offer considerable detail regarding receipts, warranty costs, pricing adjustments, and audit procedures, they do not contain a specific figure for prepaid expenses. The notes to the consolidated financial statements, which would typically include such details, are referenced but not fully provided in these excerpts.
A prospective Big O Tires franchisee should consult the complete 2025 FDD and specifically review the full consolidated financial statements and accompanying notes to find the figure for prepaid expenses. If this information is not present, it is advisable to directly ask the franchisor for the value of prepaid expenses in 2024 to gain a clearer understanding of the company's financial health and obligations.