Examining Financial Statements - Landrys Restaurants Essay -- Busines

Examining pecuniary Statements - Landrys Restaurants monetary account users around the globe use financial statements to evaluate the performance of companies ( fundamental principle of fiscal Accounting, 2006). In order to locate a lodges report assets, liabilities, expenses and revenues, statement users rely on four types of financial statements. The four financial statements include Balance cerement, Income Statement, Statement of Retained payment, and Statement of Cash Flows (Fundamentals of Financial Accounting, 2006, p. 6). Each of these reports provides varied information to the financial statement user. The Balance Sheet reports at a point in time a friendships assets (what it owns), liabilities (what it owes) and stockholders equity (what is left oer for the owners) (Fundamentals of Financial Accounting, 2006, p.7). The Income Statement shows whether a line of credit made a profit (net income) during a specific period of time (Fundamentals of Financial Accounting, 2006, p. 10). The Statement of Retained Earnings illustrates what portions of the companys earnings was paid to stockholders and retained by the company for future operations (Fundamentals of Financial Accounting, 2006, p.12). Finally, the Statement of Cash Flows reports summarizes how a business operating, investing, and financial activities caused its cash balance to change over a detail range of time (Fundamentals of Financial Accounting, 2006, p.13).This paper examines the Annual Report of Landrys Restaurants, Inc. Specifically, this paper demonstrates how certain financial elements canful be located in Landrys financial statements. The key financial components discussed include (1) net income, (2) wide assets, (3) property and equipment a... ...ompany has made a profit over the prior grade. cobblers lastFinancial statements play a significant role in providing insight into Landrys Restaurants financial condition. Is the liability or cost high and can one see continued improvement in revenues each year are questions answered when analyzing financial statements. An investor can use financial statements in do a decision to invest in a company. By examining the different financial statements, one can identify Landrys Restaurants has grown over the past five years. Comparing assets, liabilities and owner equity, one is able to mold Landrys Restaurants is making a profit. ReferenceLandrys Restaurants (2003, December 31, 2003). Landrys Restaurants Annual Report. , 1.Fundamentals of Financial Accounting (1st ed.) F. Phillips, B. Libby, and P. Libby McGraw Hill, 2006. Boston, MA