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Landry: Calculation of 9 Ratios

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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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 ...

Solution Summary

This solution is comprised of a detailed explanation to discuss financial performance of the company.

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