What is the total current assets for Ledgers in 2023?
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
${\bf
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 2023 were $225,139. This figure represents the sum of Ledgers' cash and cash equivalents, royalty receivables, and notes receivable for that year.
Specifically, the current assets include $181,077 in cash and cash equivalents, $3,302 in royalty receivables, and $40,760 in notes receivable. These assets are considered current because they are expected to be converted into cash within one year.
Prospective franchisees should pay attention to these figures as they provide insight into Ledgers's short-term financial health and liquidity. A higher value of current assets suggests that Ledgers has sufficient resources to cover its immediate liabilities. Reviewing these figures over several years, as presented in the FDD, can reveal trends in the company's financial management.