What were the total current 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 | S | 125,461 | S | 115,844 |
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 current assets in 2020 were $115,844. This figure represents the sum of cash and cash equivalents, accounts receivable, and other current assets held by Gokhale Method at the end of that fiscal year.
For a prospective franchisee, understanding the franchisor's asset position can provide insights into the financial health and stability of the company. Higher current assets suggest that Gokhale Method has sufficient liquid resources to meet its short-term obligations and invest in growth opportunities.
However, it's important to consider this figure in conjunction with other financial metrics, such as liabilities and overall revenue, to gain a comprehensive understanding of Gokhale Method's financial performance. Reviewing trends in asset values over multiple years, as presented in the FDD, can also offer a more nuanced perspective on the company's financial trajectory.