Examining Financial Statements

A financial statement or a create verbally piece of music depicts the financial health of a guild and/or andJ.L. item-by-item which is usually comprised of several key components. well-nigh of the components are an income statement, a balance sheet, and a cash black market statement. Usually a financial statement is comprised on an yearly basis or on a quarterly basis, as this timeframe allows for the comparison of circulating(prenominal) information versus prior information. In this paper, we will sidle up around financial information regarding Landry?s Restaurants. We will be compare the performances of years 2001 through 2003 years ending declination 31. The ejaculate for information is obtained from Landry?s Restaurant?s Summarized balance Sheets, Income Statements, and Statements of cash Flows all of which are comparing years 2001, 2002, and 2003. The tot up of the crystalize income for year 2001 was $26,920J.L., 2002 was $41,522, and 2003 was $45,901. This informa tion was found in the information below Exhibit 13.3 which is label Landry?s Restaurants Income Statement on rapscallion 577 Chapter 13. The components of this financial statement is comprised of the following: revenues, cost of revenues, everlasting(a) profits, operating(a) and different expenses, interest expense, and income tax expense. The total asset for Landry?s Restaurants for year 2001 was $690,171, 2002 was $933, 015 and 2003 was $1,102,785. (Arthur, W. 2004) This information was also found in the weekly reading under Exhibit 13.

2 rascal 576 labeled Landry?s Restaurants balance sheets. The components of this statement are comprised of the following: cash, accounts r! eceivables, inventories, otherwise true assets, total current assets, property and equipment, lastly good will and other assetsJ.L.. Landry?s Restaurant spent a acquit of $965,574,991 in 2003 on property and equipment additions. The Property and equipment additions J.L.information can be found on the Notes to Consolidated Financial Statements on page 14 of Appendix A (Libby, Libby, &... If you want to spoil a full essay, order it on our website: BestEssayCheap.com

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