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.
Landry's financial statements
Using Landry's Restaurants, Inc. 2003 Annual Report located in Appendix A of the text, Fundamentals of Financial Accounting, prepare a 1,050-1,750-word paper in which you answer ALL of the following questions, relative to the company and its annual report:
a. What does the income statement tell you about the company and its financial performance and condition? Why is this statement important? What business decisions could be made using the income statement?
b. What does the balance sheet tell you about the company and its financial performance and condition? Why is the balance sheet important? What business decisions could be made using the balance sheet?
c. What does the statement of cash flows tell you about the company and its financial performance and condition? What business decisions could be made using the statement of cash flows?
d. What information is provided in the statements that will assist you in making these business decisions? What information is not provided that could assist in managerial decision making?