What was the total amount in checking/savings accounts for Gokhale Method?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| ASSETS Current Assets Checking/Savings | 470 522 04 |
|---|---|
| 10020 · Cash - Checking - 6743 | 170,532.91 |
| Total Checking/Savings | 170,532.91 |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, the total amount in checking/savings accounts is $170,532.91. This figure represents the aggregate of cash held in checking and savings accounts as of a specific date, which is detailed in the balance sheet within the FDD.
For a prospective franchisee, this number provides insight into the immediate liquidity and financial health of Gokhale Method. A higher balance suggests that the company has sufficient funds to cover its short-term obligations and potentially invest in growth opportunities.
However, it's essential to consider this figure in conjunction with other financial metrics, such as liabilities and overall cash flow, to gain a comprehensive understanding of Gokhale Method's financial stability. While a healthy checking/savings balance is a positive indicator, it does not, on its own, guarantee long-term financial success or stability.