What was the total current assets for Ledgers in 2022?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
doubt about Loyalty Business Services, LLC's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
Bernard Robinson & Company, I.S.P.
Raleigh, North Carolina April 28, 2025
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Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the company's total current assets in 2022 were $494,312. This figure represents the sum of Ledgers' cash and cash equivalents, royalty receivables, and current notes receivable for that year..
Understanding the composition and changes in current assets is crucial for prospective franchisees. Current assets are assets that can be converted into cash within one year, reflecting the company's short-term financial health and liquidity. A higher value of current assets suggests that Ledgers has sufficient resources to meet its immediate obligations.
For a potential Ledgers franchisee, this information provides insight into the financial stability of the franchisor. While reviewing these figures, it's important to consider the trends over the three years presented (2022-2024) to assess whether the current assets are growing, declining, or remaining stable. This analysis helps in evaluating the overall financial management and performance of Ledgers.