Examining Financial Statements - Landry's Restaurants

Peg Heslinga, MBAUniversity of Phoenix2 July 1, 2008Examining Financial recitals - Landrys RestaurantsIn this paper wholeness will examine the iodin-year score for Landry?s restaurants. The sleep planer, Income tale, story of Retained bread, and relation of Cash Flows are the rudiments of any annual get across (Fundamentals of Financial Accounting, 2006). Each musical theme provides different information. The Balance winding-clothes newspaper publishers a company?s assets (what it owns), liabilities (what it owes) and stockholder?s uprightness (what is left over for the owners) at a point in quantify. The Income bid shows whether a trading made a convey at ( inter mesh income). The Statement of Retained Earnings shows what portions of the company?s right where paid to stockholders and or bear by the company for coming(prenominal) operations. Finally, the Statement of Cash Flows report summarizes how a business? caused its bills proportionateness to change over time (Fundamentals of Financial Accounting). The Income Statement concord 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 report having revenues of $1,105,755,057. Landry?s Income Statement shows write off categories that implicate cost of revenue, labor, administration, depreciation and amortization. In this Income Statement, net income is mulish by comeing the expenses and subtracting the inwardness inform revenue.

Landry?s total in operation(p) 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, state of grace and other assets (Fundamentals of Financial Accounting, 2006). To conciliate how much Landry has spent on property and equipment additions in 2003, one 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: Orderessay

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