What is the difference in cash and cash equivalents between 2022 and 2023 for Expense Reduction Analysts?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
d scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
CliftonLarsonAllen LLP
Clifton Larson Allen LLP
Milwaukee, Wisconsin April 18, 2024
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the company's cash and cash equivalents increased from 2022 to 2023. In 2023, Expense Reduction Analysts had $1,251,718 in cash and cash equivalents, while in 2022, the amount was $1,144,589.
This represents an increase of $107,129 in cash and cash equivalents from the beginning to the end of 2023. This increase could be due to a number of factors, such as increased revenue, decreased expenses, or a combination of both.
For a prospective franchisee, this information indicates the financial health and stability of Expense Reduction Analysts. A positive trend in cash and cash equivalents suggests that the company is managing its finances effectively and has the resources to support its franchisees. However, it is important for potential franchisees to review the entire financial statement and consider other factors, such as liabilities and overall profitability, before making a decision.