http://www.annualreports.com/HostedData/AnnualReports/PDF/NASDAQ_TXRH_2016.pdf C
ID: 2412782 • Letter: H
Question
http://www.annualreports.com/HostedData/AnnualReports/PDF/NASDAQ_TXRH_2016.pdf
Create a memo based on the Annual Report of Texas Roadhouse in the link below
http://www.annualreports.com/HostedData/AnnualReports/PDF/NASDAQ_TXRH_2016.pdf
Name of the company you selected.
-Texas Road House
The period stated in the annual report.
-2016 year
The inventory method used by the selected company. Describe the advantages and
disadvantages to the company because it uses this inventory method.
-FIFO (First In First Out)
The inventory amount and where it was located.
-Balance Sheet (page: F-3/112) --- 16,088
The depreciation method used by your company. Describe the advantages and disadvantages to the
company because it uses this depreciation method.
-Straight Line Method
The depreciation expense for the period and where it was located.
-Income Statement (page: F-4/113) --- 82,964
.
Assignment Requirements: In your memo, provide the following information Name of the company you selected. The period stated in the annual report. The inventory method used by the selected company. Describe the advantages and disadvantages to the company because it uses this inventory method. The inventory amount and where it was located. The depreciation method used by your company. Describe the advantages and disadvantages to the company because it uses this depreciation method. The depreciation expense for the period and where it was located. Your Business Memo needs to be written in a professional format per Purdue Owl (https://owlenglish.purdue.edu/owl/resource/590/03/). This memo should be 350-400 words.Explanation / Answer
FIFO method for Texas Road House:
Advantages:
Disadvantages:
As it is Perishable goods selling company FIFO is the most appropriate method to use. But in general the disadvantages of FIFO method are:
Straight Line Method of Depreciation:
Advantages:
Disadvantages:
Have not been able to access the Books of accounts of the company that has been chosen. Have given a general answer about both the method.
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