Landry: Calculation of 9 Ratios
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Using the statements in the attached file, please answer the questions:
Compute the following ratios for 2002 and 2003:
a. Earnings per share
b. Return on assets
c. Current ratio
d. Times interest earned
e. Asset turnover
f. Debt to total assets
g. Current cash debt coverage
h. Cash debt coverage
i. Free cash flow
Based on your analysis, what does this tell you of Landry's financial performance (consider the changes between years)?
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Solution Summary
This solution is comprised of a detailed explanation to discuss financial performance of the company.
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Compute the following ratios for 2002 and 2003:
a. Earnings per share = Net Income/Average number of common shares outstanding
2002 = 41,521,616/25,900,000 = 1.60 2003 = 45,901,054/27,600,000 = 1.66
b. Return on assets = Net income/Total Assets
2002 = 41,521,616/933,015,079 = 4.45% 2003 = 45,901,054/1,102,785,506 = 4.16%
c. Current ratio = Current assets/Current liabilities
2002 = 92,669,115/148,354,402 = 0.62 2003 = 120,604,181/159,581,009 = 0.76
d. Times interest earned = Earnings before interest and ...
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