What was the total value of Crepe De Licious's current assets in 2022?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
| Assets | ||||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $ 131,376 | $ 97,398 | ||
| Accounts receivable (net of allowance for credit losses | ||||
| of $10,800 and $-0- as of 2023 and 2022, respectively) | 73,948 | 4 3,172 | ||
| Rebate receivable | 26,499 | 4,508 | ||
| Inventory | 19,156 | 1 6,886 | ||
| Prepaid expenses | 5,906 | 2 ,950 | ||
| Total current assets | 256,885 | 164,914 |
Source: Item 23 — RECEIPTS (FDD pages 57–233)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, the company's total current assets in 2022 were valued at $164,914. This figure represents the sum of several liquid assets that Crepe De Licious had readily available. These assets include cash, accounts receivable (net of allowance for credit losses), rebate receivable, inventory, and prepaid expenses.
For a prospective franchisee, understanding the composition and value of these current assets is crucial. It provides insight into the financial health and liquidity of Crepe De Licious. A higher value of current assets relative to current liabilities generally indicates a stronger ability to meet short-term obligations.
Specifically, the breakdown of current assets includes cash ($97,398), accounts receivable ($43,172), rebate receivable ($4,508), inventory ($16,886), and prepaid expenses ($2,950). These figures can be compared to previous years and industry benchmarks to assess the financial performance and stability of Crepe De Licious.