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, 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)?
Properly cite your references. If you used an electronic source, include the URL. If you used a printed source please attach a copy of the data to your paper.
please make it very simple do not use previous answers. Thanks
From the analysis of the financial statement of Landry Restaurant for the year 2003 and its comparison with previous year we can summarize the following:
Attached is the step by step solution along with the detailed analysis.