What was the increase (decrease) in accounts payable for Creative World School in 2022?

According to Creative World School's 2025 Franchise Disclosure Document, the balance sheets include the increase or decrease in accounts payable. In 2022, there was a decrease in accounts payable of $45,718.

Accounts payable represent the short-term liabilities Creative World School owes to its suppliers and vendors. A decrease in accounts payable could suggest that the company paid off more of its outstanding bills during the year, or that it purchased less on credit.

Prospective franchisees should consider this information in the context of the overall financial health of Creative World School. Monitoring changes in accounts payable, along with other financial metrics, can provide insights into the company's cash flow management and operational efficiency.