What was the change in accounts receivable for Deck Medic in 2023?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
At the years ended December 31, 2023 and 2022 accounts receivable consisted of the following:
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the FDD provides information on the company's accounts receivable as of December 31, 2023, and December 31, 2022. To determine the change in accounts receivable for 2023, a prospective franchisee would need to compare the accounts receivable balance at the end of 2022 with the balance at the end of 2023. This comparison would reveal whether Deck Medic's accounts receivable increased or decreased during the 2023 fiscal year.
However, the specific figures for accounts receivable as of December 31, 2023, and December 31, 2022 are not present in the provided excerpts. The excerpts do mention that the financial statements include balance sheets as of these dates, and that detailed information about accounts receivable is typically included in the notes to the financial statements.
To fully answer this question, a prospective Deck Medic franchisee should review the complete financial statements included in the 2024 FDD, specifically the balance sheets and related notes. If the information is not present, they should ask Deck Medic for the specific accounts receivable figures for December 31, 2023, and December 31, 2022, to calculate the change.