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What was the amount of retained earnings for Gokhale Method in 2022?

Gokhale_Method Franchise · 2024 FDD

Answer from 2024 FDD Document

2022
ASSETS
CURRENT ASSETS
Cash and cash equivalents Accounts receivable, net $ 120,141 3,958
TOTAL ASSETS $ 124,099
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable and other current liabilities Deferred revenue $ 6,667 8,086
Total liabilities 14,753
STOCKHOLDERS' EQUITY
Common stock (1,000 voting shares authorized, 500 shares issued and outstanding, $0.01 par value) 5
Common stock (1,000 non-voting shares authorized, no shares issued and outstanding, $0.01 par value)
Additional paid in capital 100,657
Retained earnings 8,684
Total stockholders' equity 109,346
TOTAL LIABILITIES & STOCKHOLDE

Source: Item 22 — CONTRACTS (FDD page 34)

What This Means (2024 FDD)

According to the 2024 Gokhale Method FDD, the company's retained earnings at the end of 2022 were $8,684. Retained earnings represent the accumulated net income of the company that has not been distributed to shareholders as dividends. It is an important indicator of the company's financial health and profitability.

For a prospective Gokhale Method franchisee, this figure provides insight into the financial stability of the franchisor. A positive retained earnings balance suggests that the company has been profitable over time and has managed its finances effectively. This can be reassuring for franchisees who are considering investing in the Gokhale Method system.

However, it's important to consider this figure in conjunction with other financial metrics and information provided in the FDD. Factors such as the company's revenue, expenses, and liabilities should also be taken into account to get a comprehensive understanding of its financial condition. Additionally, prospective franchisees should consult with a financial advisor to assess the financial risks and opportunities associated with investing in a Gokhale Method franchise.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.