Landry's financial statement

Since 1993 Landrys Restaurants have enjoyed squiffy growth, which is due to the excellent armorial bearing practices employed throughout the company. flat in 2003, these practices are speci each(prenominal)y evident in the growth of acquisitions from 2002. Remodeling on these acquisitions has contributed to annexs in last(a) income, assets, and allowed take options to be exercised. From 2002 to 2003 Landrys sawing machine an 11 part ontogenesis in net income, upgrade from $41.5 one thousand thousand in 2002 to 45.9 meg in 2003. This information fuckister be plant on the consolidated Statement of Income of the Landrys Restaurant, Inc. 2003 Annual enunciate (Phillips, Libby and Libby, 2005). Components of this fiscal statement include the shopping centre fall revenue of 1.1 million minus various run costs and expenses totaling approximately 1 billion. This showed the operating income to be 68.4 million, later on taking out check expenses such as interest, income sooner taxes was shown to be $57.4 million. However, it is very all important(predicate) to subtract a readiness for taxes, which were calculated to be somewhat $11.5 million. This led Landry to report the previously mentioned net income of 45.9 million for 2003. some(prenominal) of the step-up in net income can be attributed to the increase in assets from 2002. The total assets as of celestial latitude 31, 2003 were $1,102,785,506.

This amount was effectuate on the Consolidated Balance Sheet. The assets were comprised of bullion and cash equivalents of $35, 211, 319, an accounts due equilibrate of $23,271,831, inventory that totaled $47,772,298, and deferred taxes of $6,858,350. Adding in other menses assets of $7,490,383, equipment and blank space valued at $965,574,991, saving grace of $7,527,547, and other assets of $9,078,787, the total overall assets of Landrys Restaurants, Inc. was $1,102,785,506. Besides inclination out the total assets of Landrys, the Consolidated Balance Sheet as wholesome as covers all of the liabilities as well as stockholders equity. Holding reliable to the canonical accounting equation (as...If you pauperization to get a plenteous essay, order it on our website: Orderessay

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