table_specific

What was the change in inventory for Crave Cookies in 2021?

Crave_Cookies Franchise · 2025 FDD

Answer from 2025 FDD Document

Inventories consist of cookie boxes. Inventories are stated at the lower of cost or net realizable value. Costs of cookie boxes are determined using the first-in, first-out (FIFO) method.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)

What This Means (2025 FDD)

Based on the 2025 Franchise Disclosure Document, the financial statements of Crave Cookies include information about inventories, which consist of cookie boxes. The FDD states that these inventories are valued at the lower of cost or net realizable value, and the cost is determined using the first-in, first-out (FIFO) method. However, the specific change in inventory for Crave Cookies in 2021 is not detailed in the provided excerpts.

While the excerpts discuss the general accounting policies and valuation methods used for inventories, they do not provide the actual inventory values for 2021 or 2022. This makes it impossible to calculate the change in inventory during that period. The notes to the financial statements describe how inventories are managed and valued but do not include the quantitative data needed to answer the question.

A prospective Crave Cookies franchisee would need to review the complete financial statements within the FDD or request additional information from the franchisor to determine the actual inventory values and changes over specific periods. Understanding these inventory changes can be important for assessing the company's financial performance and operational efficiency.

To gain a comprehensive understanding of Crave Cookies's inventory management, a potential franchisee should ask the franchisor for the detailed inventory values for 2021 and 2022. This information will help in evaluating the company's financial health and operational trends.

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.