What was the total value of Churchs Chicken's prepaid expenses and other current assets in 2010?
Churchs_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| Assets | - | 2021 | 1010 | |
|---|---|---|---|---|
| Current assets: | ||||
| Cash and cash equivalents | S | 3,551 | $ | 4,189 |
| Restricted cash | 2,058 | 2,163 | ||
| Accounts receivable, net | 8,210 | 6,351 | ||
| Inventory | 820 | 735 | ||
| Prepaid expenses and other | 468 | 4.493 |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 35–43)
What This Means (2025 FDD)
Based on Churchs Chicken's 2025 Franchise Disclosure Document, the provided financial statements do not include data for the year 2010. The earliest year for which data is available is "1010", which I assume is meant to represent 2010. The value of prepaid expenses and other current assets for that year is $4,493.
Prepaid expenses and other current assets are short-term assets that will be used or converted into cash within one year. Prepaid expenses are costs that Churchs Chicken has paid in advance for goods or services to be received in the future, such as insurance premiums or rent. Other current assets can include items like short-term investments or recoverable taxes.
As a prospective franchisee, it's important to understand the composition and nature of these assets, as they reflect the financial health and operational efficiency of Churchs Chicken. Reviewing these figures over several years can reveal trends and potential areas of concern or strength. Franchisees should inquire about the specific items included in "prepaid expenses and other" to gain a clearer picture of what these assets represent and how they impact the overall financial performance.