What were the total current assets for Expense Reduction Analysts in 2024?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
g 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 9, 2025
| 2024 | 2023 | |||
|---|---|---|---|---|
| ASSETS | ||||
| CURRENT ASSETS | ||||
| Cash and Cash Equivalents | $ | 2,213,765 | $ | 1,251,718 |
| Accounts Receivable, Net | , | 371,963 | 444,102 | |
| Prepaid Expenses |
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the company's total current assets in 2024 were $4,368,283. This figure represents the sum of several liquid asset categories, including cash and cash equivalents, accounts receivable, prepaid expenses, prepaid incremental franchise costs, prepaid taxes, and amounts due from related parties.
A prospective franchisee should understand the composition of these current assets. Cash and cash equivalents represent the most liquid assets readily available to meet short-term obligations. Accounts receivable reflects money owed to Expense Reduction Analysts by its clients, while prepaid expenses and taxes are payments made in advance for goods or services. The 'Due from Related Parties' line item indicates transactions with affiliated entities, which could require further investigation to ensure transparency.
Comparing the 2024 figure of $4,368,283 to the 2023 total current assets of $3,415,359, Expense Reduction Analysts experienced an increase in current assets of $952,924. This increase could indicate improved financial health and liquidity for the company. A potential franchisee should analyze these trends in conjunction with liabilities and overall financial performance to assess the financial stability of Expense Reduction Analysts.