Landry's Financial Statements Part Ii

Financial Statements Paper Part II University of Phoenix innovational Topics in be Research ACC/497 W strikeney Smith As a publicly traded company for ten long time, Landrys has freehanded into a thriving eatery chain. With numerous restaurants downstairs hale known names such as rainforest Café, Joes Crab Shack, and Landrys Seafood House, the tum has produced very tempt financial statements for investors and management. Financial statements atomic number 18 very important tools that businesses and investors practice to junior-grade current and afterlife 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 discover 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 minutes into run, investing, and financing activities. In review of Landrys 2003 pecuniary statements we hit a clear view of the companys financial status and can predict possible managerial decisions. Although financial statements cannot be the sole basis for managerial decisions, they are mostly 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 relent off any concerns. A brief history of Landrys as discussed in the 2003 highlights tells us that the corporation consists of numerous restaurants o perating down the stairs various names nati! onwide. The success of the restaurant chains enabled Landrys to open an aquarium in downtown Houston, Texas. Landrys boasts an 1100 percentage increase to net income over the foregone ten years while maintaining a manageable train 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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