What was the reported amount for 'Accounts Payable Operating' for Gold Star as of 2023?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
solidated financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the consolidated financial statements as a whole.
Prior Period Financial Statements
Dean Dotton allen Ford, PUC
The financial statements as of December 31, 2022, were audited by VonLehman & Company Inc., who merged with Dean Dorton Allen Ford, PLLC as of January 1, 2024.
Fort Wright, Kentucky
April 8, 2025
GOLD STAR CHILI, INC. CONSOLIDATED BALANCE SHEETS
ASSETS
| $ | | | | $ | |---|---|---|---|---| | | - | - | - | |
GOLD STAR CHILI, INC. CONSOLIDATED BALANCE SHEETS (Continued)
LIABILITIES AND STOCKHOLDERS' EQUITY
| | | Dece
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, the reported amount for 'Accounts Payable Operating' as of December 31, 2023, was $1,327,330. This figure reflects the company's short-term obligations to its suppliers and vendors for operational expenses. It's important to note that the 2022 figure was restated.
Accounts payable is a crucial metric for assessing a company's financial health. A high accounts payable balance could indicate that Gold Star is effectively managing its cash flow by delaying payments to suppliers. However, it could also signal potential difficulties in meeting its short-term obligations if the balance becomes excessively high.
Prospective franchisees should consider this figure in conjunction with other financial data provided in the FDD, such as the company's revenues, expenses, and overall profitability. Understanding the trend in accounts payable over several years can provide valuable insights into Gold Star's financial management practices and its ability to meet its financial obligations. It is also wise to compare these figures with industry benchmarks to assess Gold Star's performance relative to its peers.