What was the total current assets for Caring Senior Service in 2022?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
ts December 31, 2024, 2023, and 2022**
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| ASSETS | |||
| Current Assets | |||
| Cash and cash equivalents | $ 519,628 | $ 257,005 | $ 130,008 |
| Acounts receivable: | |||
| Trade | 82,374 | 23,729 | 44,144 |
| Related party | 6,513 | 430 | 37,869 |
| Prepaid expenses | 3,924 | 16,484 | 63,733 |
| Total Current |
Source: Item 23 — RECEIPTS (FDD pages 53–204)
What This Means (2025 FDD)
According to Caring Senior Service's 2025 Franchise Disclosure Document, the company's total current assets in 2022 were $275,754. This figure represents the sum of cash and cash equivalents, accounts receivable (trade and related party), and prepaid expenses.
Specifically, the current assets included $130,008 in cash and cash equivalents, $44,144 in trade accounts receivable, $37,869 in accounts receivable from related parties, and $63,733 in prepaid expenses. Understanding the composition of current assets is crucial for assessing the company's short-term financial health and ability to meet its immediate obligations.
Prospective franchisees should consider these figures in the context of Caring Senior Service's overall financial performance and compare them to industry benchmarks. Analyzing trends in current assets over the three-year period (2022-2024) can provide insights into the company's growth and stability. Additionally, it's important to investigate the nature of related party transactions and their potential impact on the company's financial statements.