Examining Financial Statements - Landry's Restaurants

Peg Heslinga, MBAUniversity of Phoenix2 July 1, 2008Examining monetary recitals - Landrys RestaurantsIn this paper one will show the yearly score for Landry?s restaurants. The balance planer, Income tale, story of maintained Earnings, and Statement of money Flows are the basics of any yearbook report (Fundamentals of Financial Accounting, 2006). Each report provides different information. The correspondence 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 straits 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 (Fundamentals of Fin ancial 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 represent of revenue, labor, administration, depreciation and amortization. In this Income Statement, net income is determined by comeing the expenses and subtracting the do reported revenue.

Landry?s total operating costs and expenses passable $1,037,338,293 in 2003 (Fundamentals of Financial Accounting, 2006) . Landry?s reports assets on its Balance She! et. In 2003, Landry?s Total Assets were value at $1,102,785,506. The asset listed on Landry?s Balance Sheet include: specie 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, high society it on our website: OrderCustomPaper.com

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