table_specific

What were the total accounts payable for Bumper Man in 2022?

Bumper_Man Franchise · 2025 FDD

Answer 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.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.