What were the total accounts payable for Bumper Man in 2022?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current Assets | |||
| Cash | $ 1,835,250 | $ 1,534,492 | $ 2,063,455 |
| Accounts receivables - less allowance for bad | 2,006,051 | 2,109,811 | 1,912,177 |
| debts of $159,129, $129,645, and $120,987 | |||
| Other current assets | 122,200 | 100,000 | - |
| Notes receivables | 45,903 | 40,656 | 55,568 |
| 4,009,404 | 3,784,959 | 4,031,200 | |
| Property and Equipment | |||
| Cost | 571,819 | 584,223 | 542,869 |
| Accumulated depreciation | (476,804) | (510,182) | (469,302) |
| 95,015 | 74,041 | 73,567 | |
| Other Assets | |||
| Notes receivable and other | 69,620 | 81,777 | 55,160 |
| Total Assets | $ 4,174,039 | $ 3,940,777 | $ 4,159,927 |
BALANCE SHEET
LIABILITIES AND SHAREHOLDERS' EQUITY
| | 2024
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, the company's accounts payable for 2022 totaled $616,781. This figure represents the amount of money Bumper Man owed to its suppliers and other creditors at the end of that fiscal year. Accounts payable are considered current liabilities, reflecting obligations due within a year.
For a prospective franchisee, understanding the franchisor's accounts payable can provide insights into its financial health and stability. A high accounts payable balance might indicate that Bumper Man is managing its cash flow carefully or is potentially facing financial constraints. Conversely, a lower balance could suggest strong financial management and the ability to meet its short-term obligations promptly.
It's important to note that accounts payable is just one aspect of a company's overall financial picture. A prospective Bumper Man franchisee should consider this figure in conjunction with other financial metrics, such as revenue, expenses, and assets, to gain a comprehensive understanding of the franchisor's financial condition. Consulting with a financial advisor is recommended to properly assess the financial stability of Bumper Man.