What were the total current assets for Gokhale Method as of April 30, 2024?
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 |
| Accounts Receivable | 6,718.41 |
| 11010 · Accounts Receivable | |
| Total Accounts Receivable | 6,718.41 |
| Other Current Assets 12000 · Undeposited Funds 12100 · Deferred Expenses 12200 · Accrued Revenue | 27.50 9,083.31 750.00 |
| Total Other Current Assets | 9,860.81 |
| Total Current Assets | 187,112.13 |
| TOTAL ASSETS | 187,112.13 |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the total current assets as of April 30, 2024, were $187,112.13. These assets include cash in checking/savings accounts, accounts receivable, and other current assets. The checking/savings accounts totaled $170,532.91, accounts receivable amounted to $6,718.41, and other current assets totaled $9,860.81.
For a prospective franchisee, understanding the current assets of Gokhale Method provides insight into the company's financial health and liquidity. Current assets are those that can be readily converted into cash within a year, indicating the company's ability to meet its short-term obligations. A higher value of current assets generally suggests a stronger financial position.
It is important to note that these figures represent a snapshot in time and can fluctuate. Prospective franchisees should review the complete financial statements and consult with a financial advisor to assess the long-term financial stability of Gokhale Method. Additionally, understanding the composition of these assets (e.g., the nature of accounts receivable and other current assets) can provide a more detailed picture of the company's financial structure.