What was the total value of current assets 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 |
| 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 a specific date are detailed in Item 22. The document lists the total current assets as $187,112.13. This figure is derived from the sum of checking/savings accounts ($170,532.91), accounts receivable ($6,718.41), and other current assets ($9,860.81).
For a prospective franchisee, understanding the composition of these current assets is crucial. A significant portion is held in checking/savings, indicating readily available funds. Accounts receivable represents money owed to Gokhale Method, while other current assets include items like undeposited funds, deferred expenses, and accrued revenue. These figures provide a snapshot of the company's short-term financial health and liquidity.
It's important to note that these figures reflect a specific point in time and can fluctuate. Reviewing the complete financial statements and understanding the underlying accounting principles is essential for a comprehensive assessment. Prospective franchisees should consult with a financial advisor to interpret these figures in the context of their investment decision.