Landry'S 2003

Introduction Landrys Restaurants, Inc. celebrated their 10 year day of remembrance as a public gild 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 come with is price 4.2 time its value in 2003. Analysis of the income educational activity, balance sheet, money flow education go away be performed. In addition, the development obtained in the above commands should assist forethought in devising decision. Required information to make these decisions exit be discussed as well. What does the income statement tell you about the company? Why is this statement important? What line decisions could be do using the income statement? The income statement provides information on valuate incomes, write offs, and net income for the year death 2001 thru 2003. As inform in the accompanying notes, revenue comes from the trade of food, beverage, and alcohol. The revenue is report at the time of sale barely when gift fall apart 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 moreover increased 11% in 2003. Some of the expense accounts that motif further evaluation are the asset decline in quality expenses in 2003. This expense increased over 4 times the amount recorded in 2003. Also c ome to 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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