What was the amount of cash and cash equivalents for Gokhale Method in 2023?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
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| 2023 | |
|---|---|
| ASSETS | |
| Cash and cash equivalents Accounts receivable, net | $ 154,584 15,944 |
| TOTAL ASSETS |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the cash and cash equivalents at the end of 2023 were $154,584. This figure represents the total amount of readily available cash and short-term investments that Gokhale Method had on hand as of December 31, 2023.
For a prospective franchisee, this number provides insight into the financial health and liquidity of Gokhale Method. A higher cash and cash equivalents balance generally indicates a stronger ability to meet short-term obligations and invest in future growth. It's also worth noting that the net increase in cash during 2023 was $34,443, suggesting positive cash flow from operating activities.
It is important to consider this figure in conjunction with other financial metrics and information provided in the FDD, such as liabilities, revenues, and expenses, to gain a comprehensive understanding of Gokhale Method's financial condition. Reviewing the balance sheets from previous years can also reveal trends in cash management and overall financial performance.