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Examination of Financial Statements

Please help with the following:

Using the financial statements of Landry's Restaurants located in Appendix A of the text, Fundamentals of Financial Accounting 1st ed., by Phillips, Libby, and Libby, prepare a 1,050-1,400-word paper that addresses the following questions:
a. What is the amount of net income? Which financial statement did you find this information? What are the components of this financial statement?
b. What are the total assets? Which financial statement did you find this information? What are the components of this financial statement?
c. How much did they spend on property and equipment additions? Which financial statement did you find this information? What are the components of this financial statement?
d. Were any stock options exercised? Which financial statement did you find this information? What are the components of this financial statement?
e. Which financial statement do you feel is the most important? Why?
Properly cite your references. If you used an electronic source, include the URL. If you used a printed source please attach a copy of the data to your paper.

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Examining Financial Statements Paper

Using the financial statements of Landry's Restaurants located in Appendix A of the text, Fundamentals of Financial Accounting 1st ed., by Phillips, Libby, and Libby, prepare a 1,050-1,400-word paper that addresses the following questions:
a. What is the amount of net income? Which financial statement did you find this information? What are the components of this financial statement?
The amount of net income is $45,901 thousand. The financial statement in which I found this information is the Income Statement Data. This statement has several parts. First, the statement gives us the revenues earned. From this the total operating cots and expenses are subtracted. This gives us the Operating Income. The operating costs and expenses has several components, these include the cost of revenues, the restaurant labor, other restaurant operating expenses, general and administrative expenses, depreiciation and amortization, asset impairment expense, restaurant pre-operating expenses and store closing and charges.
From the operating Income other expenses are subtracted or other income is added. For instance in this Income Statement other expenses and other net expenses are subtracted when these expenses are deduced from the operating income we get income before taxes. From this the provision for income taxes is deducted and we get the net income.
The next component of this statement is that earning per share information is calculated. In this case the net income per share is shown and the number of common shares outstanding is showed. The diluted net income is given and the weighted average number of common shares and equivalents outstanding are calculated.
The next component calculates the earnings befor interest, taxes, depreciation and amortization. To make this calculation, to the operating income depreciation and amortization, and asset impairment expenses are added. ...

Solution Summary

This posting examines the financial statements of Landry's Restaurant. In addition, the posting explores the financial strength of the company through the examination. .

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