Landry's Financial Statements Part Ii

Financial Statements Paper Part II University of Phoenix forward-looking Topics in be Research ACC/497 W mutilateney Smith As a publicly traded company for ten long time, Landrys has enceinte into a thriving eating place chain. With numerous restaurants downstairs tumefy known names such as rainforest Café, Joes Crab Shack, and Landrys Seafood House, the tum has produced very tempt fiscal statements for investors and management. Financial statements ar very important tools that businesses and investors practice to miserly current and approaching decisions. Income statements reveal whether the company is useful and shows how revenues are calculated into net income. The balance sheet gives an boilers suit printing of a companys monetary berth though the classification of assets, liabilities, and stockholders equity. The statement of cash in flows shows how the cash moves in and out of the business and the classification of proceeding into operating( a), investing, and financing activities. In review of Landrys 2003 pecuniary statements we hit a clear view of the companys pecuniary status and can predict possible managerial decisions. Although monetary statements cannot be the sole basis for managerial decisions, they are in the main the primary source.

The purpose of this paper is to discuss managements assumptions of Landrys financial condition, identify weaknesses, and recommend a course of action to generate off any concerns. A brief history of Landrys as discussed in the 2003 highlights tells us that the corporation consists of numerous restaurants operating down t he stairs various names nationwide. The su! ccess of the restaurant chains enabled Landrys to open an aquarium in business district Houston, Texas. Landrys boasts an 1100 percentage increase to net income over the last(prenominal) ten years while maintaining a manageable aim of debt. In 2003 the corporation operated 286 restaurants and made acquisitions that approximated $27 million dollars which includes future commitments....If you want to prolong a full essay, order it on our website: BestEssayCheap.com

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