What was the total current assets for Mr. Sandless as of December 31, 2023?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Muhammad Zubairy, CPA Valley Stream, NY April 2, 2024
MR. SANDLESS FRANCHISE, LLC BALANCE SHEETS
| ASSETS | ||
|---|---|---|
| YEARS ENDED DECEMBER 31 | ||
| 2023 | 2022 | |
| Current Assets | ||
| Cash | $ 50,575 | $ 8,760 |
| Accounts receivable | 49,667 | 45,783 |
| Inventory | 8,013 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, the company's total current assets as of December 31, 2023, were $172,377. This figure represents the sum of Mr. Sandless's cash ($50,575), accounts receivable ($49,667), inventory ($8,013), and due from related party ($64,122).
For a prospective franchisee, understanding the composition of current assets is crucial. Current assets are those that can be readily converted into cash within a year. A higher value of current assets suggests better short-term financial health and liquidity for Mr. Sandless.
It is important to note that the financial statements included in the FDD are audited for the years ended December 31, 2024, December 31, 2023, and December 31, 2022. Reviewing these audited statements and comparing them year-over-year can provide insights into the financial stability and performance trends of Mr. Sandless.