What was the total current assets amount for Kitchen Solvers in 2023?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
al statements as a whole.
Hancock & Robinson CPAs
La Crosse, Wisconsin
March 7, 2025
Balance Sheets
December 31, 2024, 2023, and 2022
| Assets | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current assets: | |||
| Cash | $ 409,936 | $ 192,541 | $ 60,708 |
| Accounts receivable | 63,672 | 138,673 | 140,562 |
| Accounts receivable - related party | 174,152 | - | - |
| Contract assets - Current | 138,404 | 118,404 | 98,129 |
| Advances receivable | - | - | 74,472 |
| Other receivable | - | - |
Source: Item 21 — Financial Statements (FDD pages 48–49)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the company's total current assets in 2023 were $466,017. This figure represents the sum of Kitchen Solvers' cash, accounts receivable, contract assets, advances receivable, other receivable, inventory, and prepaid expenses that are expected to be converted into cash or used up within one year.
For a prospective Kitchen Solvers franchisee, understanding the current asset position of the company can provide insights into its short-term financial health and liquidity. A higher value of current assets relative to current liabilities generally indicates a stronger ability to meet short-term obligations.
It's important to note that while this figure provides a snapshot of Kitchen Solvers' financial position at the end of 2023, it does not reflect the ongoing changes in assets and liabilities. A potential franchisee should review the trend of current assets over several years to assess the stability and growth of the company's financial health.