Examining Financial Statements - Landry's Restaurants

Peg Heslinga, MBAUniversity of Phoenix2 July 1, 2008Examining fiscal recitals - Landrys RestaurantsIn this paper one will experience the yearly score for Landry?s restaurants. The balance planer, Income tale, story of kept up(p) Earnings, and Statement of immediate payment Flows are the basics of any yearbook report (Fundamentals of Financial Accounting, 2006). Each report provides different information. The symmetry winding-clothes reports a company?s assets (what it owns), liabilities (what it owes) and stockholder?s lawfulness (what is left all over for the owners) at a office in time. The Income Statement shows whether a business made a arrive at ( inter wage income). The Statement of maintained Earnings shows what portions of the company?s recompense where paid to stockholders and or retained by the company for upcoming operations. Finally, the Statement of Cash Flows report summarizes how a business? caused its bills balance to change over time (Fundamental s of Financial Accounting). The Income Statement according to the 2003 Annual Report, Landry?s Restaurants, Inc. reported a net income of $45,901,054 in 2003. In Landry?s Income Statement, the restaurants reported having revenues of $1,105,755,057. Landry?s Income Statement shows expense categories that include embody of revenue, labor, administration, depreciation and amortization. In this Income Statement, net income is determined by comeing the expenses and subtracting the union reported revenue.

Landry?s total operating costs and expenses compare $1,037,338,293 in 2003 (Fundamentals of Financial Accounting , 2006). Landry?s reports assets on its Bala! nce Sheet. In 2003, Landry?s Total Assets were value at $1,102,785,506. The asset listed on Landry?s Balance Sheet include: change and cash equivalents, accounts receivable, inventory, deferred taxes, total current assets, station and equipment, goodwill and other assets (Fundamentals of Financial Accounting, 2006). To determine 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, sound out it on our website: OrderCustomPaper.com

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