Examining Financial Statements - Landry's Restaurants

Peg Heslinga, MBAUniversity of Phoenix2 July 1, 2008Examining Financial recitals - Landrys RestaurantsIn this paper single will examine the per year score for Landry?s restaurants. The counterweight planer, Income tale, story of Retained net, and instruction of Cash Flows are the fundamentals of any annual musical composition (Fundamentals of Financial Accounting, 2006). Each shroud provides different information. The Balance sheet storeys a company?s assets (what it owns), liabilities (what it owes) and stockholder?s rightfulness (what is left over for the owners) at a point in meter. The Income statement shows whether a line of work made a set about at ( inter betroth income). The Statement of Retained Earnings shows what portions of the company?s recompense where paid to stockholders and or maintained by the company for upcoming operations. Finally, the Statement of Cash Flows report summarizes how a business? caused its bills proportionality to change over time (Fundamentals of Financial Accounting). The Income Statement fit in to the 2003 Annual Report, Landry?s Restaurants, Inc. inform a net income of $45,901,054 in 2003. In Landry?s Income Statement, the restaurants account having revenues of $1,105,755,057. Landry?s Income Statement shows spending categories that admit cost of revenue, labor, administration, wear and tear and amortization. In this Income Statement, net income is fixed by comeing the expenses and subtracting the heart and soul account revenue.

Landry?s total operate costs and expenses equal $1,037,338,293 in 2003 (Fundamentals of Financial Accounting, 2006). Landry?s reports assets on its Balance Sheet. In 2003, Landry?s Total Assets were value at $1,102,785,506. The asset listed on Landry?s Balance Sheet include: cash and cash equivalents, accounts receivable, inventory, deferred taxes, total current assets, station and equipment, saving grace and other assets (Fundamentals of Financial Accounting, 2006). To finalise how much Landry has spent on property and equipment additions in 2003, wizard would look to Landry?s Statement of Cash Flows. In 2003, Landry?s spent $162,894,783... If you unavoidableness to get a full essay, order it on our website: Ordercustompaper.com

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