ACC 300 Week 3 Team Assignment - Financial Statement Paper - Landry's Restaurant_

May 4th, 2015
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ACC 300 Week 3 Team Assignment - Financial Statement Paper - Landry's Restaurant_

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Running head: EXAMINING FINANCIAL STATEMENTS PAPERExamining Financial Statements PaperYOUR NAME(S)ACC/300 DATENAME OF PROFESSORExamining Financial Statements PaperIn 1980, Landrys Seafood Restaurant opened its doors in Katy, Texas. It started as a family owned eatery, a favorite dining spot for the locals and in due course became a successful business enterprise. The company has more than 300 establishments in 35 states and 8 international locations with over 25,000 employees. At the turn of the new millennium, the company was highlighted as one of the leading restaurant companies by Restaurants and Institutions (Phillips, Libby, & Libby, 2006). The brokerage firm of Lundin and Atalig (LAB) has analyzed Landrys Restaurants financial statements in order to assess net income, total assets, stock options and property and equipment accumulations. Before investing in this company we have broken down and explained the Landrys financial statement for better understanding. The following statements are the basis in this report which will show that the Landrys Restaurant is a solid investment due to its thriving accomplishments since the founding of the company. Net IncomeLAB has analyzed Landrys consolidated statements of income and has concluded that the companys net worth of $45,901,054.00. The major components used to come up with this conclusion are: revenue, operating costs and expenses, other expenses, income before taxes and p

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