What was the value of inventory for Golden Krust Caribbean Restaurant as of December 31, 2021?

According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, the financial statements include a summary of significant accounting policies, one of which pertains to inventory. The policy states that inventory, which consists of food, beverage, and packing for company-owned franchise locations, is valued at the lower of cost or net realizable value, using the first-in, first-out (FIFO) method.

However, the specific value of the inventory held by Golden Krust Caribbean Restaurant as of December 31, 2021, is not explicitly disclosed within the provided excerpts. While the accounting policy for inventory valuation is described, the actual financial figure representing the total inventory value on that date is absent.

A prospective franchisee should ask Golden Krust Caribbean Restaurant's franchisor for the specific inventory value as of December 31, 2021, to gain a clearer understanding of the company's financial position and inventory management practices. Understanding the inventory valuation and turnover is crucial for assessing the efficiency and profitability of company-owned stores, which can serve as a benchmark for franchisee performance.