Landry'S 2003

Introduction Landrys Restaurants, Inc. celebrated their 10 year day of remembrance as a public caller-out in 2003. As a full service casual dining eating place chain, it has been earlier successful since its inception. Landrys operates 288 restaurants in 36 states as of the pecuniary report for 2003. An initial investment in the corporation is price 4.2 time its value in 2003. Analysis of the income educational activity, balance sheet, money flow financial recital forget be performed. In addition, the development obtained in the above statements should assist heed in devising decision. Required information to make these decisions depart be discussed as well. What does the income statement tell you about the company? Why is this statement important? What line of work decisions could be make using the income statement? The income statement provides information on tax revenue incomes, write offs, and net income for the year death 2001 thru 2003. As de scribe in the accompanying notes, revenue comes from the trade of food, beverage, and alcohol. The revenue is describe at the time of sale barely when gift kick downstairs are purchased. The revenue from the sale of the cards is reported as deferred revenue and is recognized as revenue when redeemed by the holder.

Revenues increased 20% in 2002 and some other 23% in 2003; however, the net income increased 54% in 2003 and only(prenominal) increased 11% in 2003. Some of the expense accounts that guide further evaluation are the asset decline in quality expenses in 2003. This expense increased over 4 times the amount recorded in 2003. Also engage expenses threefold ! from 2002 to 2003. If outstanding debt increased on the Balance Sheet, this will back up this increase in interest expense. The income statement is important because it gives your selective information for management to make business decisions based on income of operations. The simoleons Income that is reported on the income statement is also recorded on the balance sheet in the equity portion. One of the decisions that terminate be made by using...If you want to get a full essay, order it on our website: BestEssayCheap.com

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