Financial Statement Paper Part I

Financial Statements Financial Statements of a play along measures the performance of their news report period. The four parts of a Financial Statement be income account, balance sheet, and statement of bullion menses, and stockholders faithfulness. The income statement of Landrys Restaurants go out show the summary of how the line of work has incurred revenues and expenses through operating expenses (Phillip, Libby, Libby, 2005). The income statement of Landrys Restaurants, Incorporation shows the meshwork or loss of the high society during the particularised accounting period. The consolidated statement of income shows the periods of three years. over the year with the acquisitions that were done, in 2003 Landrys Restaurants, Inc had a net profit of $45,901,054 and 11% increase from 2002 (Phillips et al., 2005). The income statement is important in Landrys case beca habit inventors will use the information to see whether the company is in a strong position for growth and how comfortably they are financially (Albo, 2007). The statement of cash flow is employ by a company when making a business decision. The cash flow shows the revenues the company is generating and the total expenses incurring during the specific accounting period.

The balance sheet of Landrys Restaurants, Inc shows an increase in 2003 from 2002. The increases are due to the small acquisitions in 2003 and 2002 consisted of acquisitions and redevelopments of existing restaurants (Phillips et al., 2005). Landrys Restaurants showed in increase is total assets in 2003 of $1,102,785,506 from $933,015,079 in 2002, of which the cash and cash equivalents had an increase of $21,333,120. This shows a strong cash flow for the company (Phillips et al., 2005). The balance sheet is important because it shows assets of which a company owns and the liabilities shows what a company owes along with the owners equity shows what the company is worth (Russell, n.d.). In making business decisions, investors use the balance... If you want to get a full essay, order it on our website: Orderessay

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