What was the total value of Expense Reduction Analysts' other assets in 2023?
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
| 2023 | (restated) 2022 | |||
|---|---|---|---|---|
| ASSETS | - | |||
| CURRENT ASSETS | ||||
| Cash and Cash Equivalents | $ |
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 balance sheet includes a breakdown of assets for 2023. The current assets include cash and cash equivalents, accounts receivable, net, prepaid expenses, prepaid incremental franchise costs, and prepaid taxes.
Specifically, in 2023, Expense Reduction Analysts had cash and cash equivalents valued at $1,251,718, accounts receivable (net) at $444,102, prepaid expenses of $85,996, prepaid incremental franchise costs amounting to $393,234, and prepaid taxes of $235,161.
These figures provide a snapshot of Expense Reduction Analysts's financial health and liquidity for that year. A prospective franchisee can use this information to assess the company's financial stability and how it manages its assets. Understanding these figures can help potential franchisees evaluate the financial risks and opportunities associated with investing in an Expense Reduction Analysts franchise.