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Landry's Restaurants financial statement analysis

Using Landry's Restaurants, Inc. 2003 Annual Report located in Appendix A of the text, Fundamentals of Financial Accounting, prepare a 1,050-1,750-word paper in which you answer ALL of the following questions, relative to the company and its annual report:
a. What does the income statement tell you about the company and its financial performance and condition? Why is this statement important? What business decisions could be made using the income statement?
b. What does the balance sheet tell you about the company and its financial performance and condition? Why is the balance sheet important? What business decisions could be made using the balance sheet?
c. What does the statement of cash flows tell you about the company and its financial performance and condition? What business decisions could be made using the statement of cash flows?
d. What information is provided in the statements that will assist you in making these business decisions? What information is not provided that could assist in managerial decision making?

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Solution Summary

Landry's Restaurants owns and operates primarily restaurants under the trade names of Landry's Seafood House, Joe's Crab Shack, The Crab House, Charley's Crab, The Chart House and Saltgrass Steak House. In addition the Company owns and operates domestic and licenses international rainforest themed restaurants under the trade name Rainforest Cafe.
See the attached files for the complete detailed solution along with the workings.

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