What were the total assets for Gokhale Method in 2020?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2021 | 2020 | |||
|---|---|---|---|---|
| ASSETS | ||||
| CURRENT ASSETS | ||||
| Cash and cash equivalents | S | 120,520 | 5 | 112,072 |
| Accounts receivable, net | 4,941 | 3,344 | ||
| Other current assets | - | - | 428 | |
| TOTAL ASSETS |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the company's total assets in 2020 were not explicitly stated. However, the document does provide a breakdown of current assets for 2020, which include cash and cash equivalents, accounts receivable, and other current assets.
Specifically, Gokhale Method's cash and cash equivalents amounted to $112,072, accounts receivable totaled $3,344, and other current assets were $428 in 2020. While these figures offer insight into the composition of Gokhale Method's current assets, the document does not provide a comprehensive figure for total assets.
For a prospective franchisee, understanding the total asset value of Gokhale Method could be important for assessing the company's overall financial health and stability. Since the total assets figure is not provided, it would be prudent for potential franchisees to request this information from Gokhale Method directly to gain a more complete understanding of the company's financial position.