What was the total amount of current assets for Deer Solution in 2022?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
Metwally CPA PLLC
Metwally CPA PLLC Fort Worth, Texas January 30, 2023
Balance Sheet December 31, 2022
| | 2022 | |------------
Source: Item 23 — RECEIPTS (FDD pages 55–246)
What This Means (2025 FDD)
According to Deer Solution's 2025 Franchise Disclosure Document, the company's total current assets in 2022 were $112,874. Current assets include cash and cash equivalents, which amounted to $45,017, and deferred commission expenses, which totaled $67,857.
For a prospective franchisee, understanding the composition of current assets is crucial. Cash and cash equivalents represent the liquid assets readily available to meet short-term obligations. Deferred commission expenses, on the other hand, are costs that have been incurred but not yet recognized as expenses on the income statement. These are expected to be expensed within the next year.
Reviewing the balance sheet provides insight into the financial health and liquidity of Deer Solution. A strong current asset position indicates the company's ability to meet its short-term liabilities and invest in future growth. Franchisees should analyze these figures in conjunction with other financial metrics to assess the overall financial stability of the franchisor.