What was the change in accounts receivable, net, for Learningrx in 2023?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
--------------------|------|---------|---|------|----------| | Net Income (Loss) | | 7,181 | - | | (55,041) | | Retained Earnings, End of Year | $ | 773,206 | _ | $ | 766,025 |
LearningRx Franchise Corporation Statements of Cash Flows For the Years Ended September 30, 2023 and 2022
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Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the net change in accounts receivable for 2023 was an increase of $3,437. This figure is derived from the cash flow statement, reflecting adjustments made to account for non-cash transactions and activities related to accounts receivable.
For a prospective Learningrx franchisee, this indicates the net effect of sales on credit and collections during the year. A positive change suggests that Learningrx collected more on its accounts receivable than it recorded in new sales on credit during that period. This can be influenced by various factors, including the credit terms offered to customers, the efficiency of the collection process, and the overall financial health of Learningrx's customer base.
It's important to note that this figure is part of the broader cash flow statement, which provides a comprehensive view of all cash inflows and outflows. While a $3,437 increase in net accounts receivable might seem modest, it should be considered alongside other changes in assets and liabilities to fully understand Learningrx's financial performance and cash management strategies. Reviewing these figures over several years can reveal trends and potential areas of concern or strength for the franchise system.