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LANDRY'S RESTAURANTS, INC.

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I just need help on part b.

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 paper that addresses the following questions:

Intro

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?

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Answer b:

Total asset size of Landry's Restaurant is $1,102.785 million in the year 2003. Total asset size has increased significantly in the current year as compare to the previous two years when the total assets were $933.015 million in 2002 and $690.171 million in 2001. Total assets in the current year have increased by 60% when compared to 2001 level and 18% when compared to the previous year, which is quite significant.

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Solution Summary

Analysis of Balance Sheet is very important if anyone wants to understand the financial health of the company. Also analysis of the Balance Sheet helps understand the solvency position of the company and also how levered the company is.
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