What was the cash and cash equivalents amount for Gokhale Method in 2020?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Gokhale Method Institute, Inc. as of December 31, 2021 and 2020, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
Based on the 2024 Franchise Disclosure Document, the financial statements of Gokhale Method Institute, Inc. were audited for the years 2021 and 2020. The audit report indicates that the financial statements present fairly the financial position of Gokhale Method Institute, Inc. as of December 31, 2021 and 2020. This includes the results of its operations and cash flows for those years, in accordance with accounting principles generally accepted in the United States of America.
However, the excerpt does not provide the specific cash and cash equivalents amount for Gokhale Method as of December 31, 2020. While the audit opinion confirms the fair presentation of the financial statements, the actual figures for cash and cash equivalents are not disclosed in this section.
A prospective franchisee should review the complete audited financial statements within the FDD to find the specific cash and cash equivalents figure for 2020. If the figure is not present, the prospective franchisee should ask the franchisor for this information to fully understand the company's financial health during that period.