What was the total equity for Carbones Pizzeria as of October 31, 2023?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
| Net income | $ 179,901 |
M&T PIZZA INCORPORATED AND SUBSIDIARIES Consolidated Statement of Changes in Stockholder's Equity For the Year Ended October 31, 2023
| Commo Shares | on Stock Amount | Common Stock nares Amount | Retained Earnings | Treasury stock | Total Equity | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance, October 31, 2022 | 2,500 | $ | 2,500 | $ 266,117 | $ | 707,489 | $ |
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the total equity as of October 31, 2023, was $1,121,451. This figure is derived from the consolidated statement of changes in stockholder's equity. The statement includes common stock shares and amounts, additional paid-in capital, retained earnings, and treasury stock.
The equity calculation starts with a balance of $941,550 as of October 31, 2022. During the year ending October 31, 2023, Carbones Pizzeria had a net income of $179,901. This net income is added to the previous balance to arrive at the total equity of $1,121,451.
Understanding the equity position of Carbones Pizzeria can be valuable for prospective franchisees. It provides insight into the financial health and stability of the company. A strong equity position can indicate that the company is well-managed and has a solid foundation for future growth. Franchisees may want to further investigate the components of equity, such as retained earnings and any treasury stock activity, to gain a more comprehensive understanding of the company's financial performance.