Acc 300
Oi361 - Financial Statement Analysis: List of Ratios
2003 2002
Earnings per share: Diluted: $1.62 Basic: $1.66 Diluted: $1.19 Basic: $1.24
Return on assets: $45,909.74 $41,522.01
Current ratio: 76% 62%
Times interest earned: 6.96 12.72
Asset turnover: 100% 96%
Debt to total assets: 273.58 204.91
Current cash debt coverage: $1.78 $1.91
Cash debt coverage: 0.39 0.47
Free cash flow: ($320,855,172 ($432,200,679)
Oi 361
Based on this analysis, Landry’s Restaurants Inc. finances are in good standings. For the year of 2003, Landry’s Restaurants Inc. cost of revenues was up by 29.1% compared to 2002 it was up by 28.8%. With good numbers such as these, allows Landry’s Restaurants Inc. to operate at a 100% turnover rate. The company is continuously growing and adding more restaurants each year earning more profits. In 2003, the retained earnings were $166,526,894 which is a profit of $41,067,215 from the amount made in 2002 (Phillips, Libby, & Libby, 2005) . Even with the earnings per share an increase of $.06 for basic and $.08 for diluted shows that Landry’s Restaurants Inc. is a company to be reckoned with. The financial statements show by quarterly reports, how the company has grown. This will lead for more possible investors and extended credits. The most important principle of financial accounting is to organize financial reports that provide data about an organizations presentation to external groups such as investors, creditors, and tax authorities (Quick MBA - Accounting). Acc300
Acc 300
Acc 300
2003 2002
Earnings per share: Diluted: $1.62 Basic: $1.66 Diluted: $1.19 Basic: $1.24
Return on assets: $45,909.74 $41,522.01
Current ratio: 76% 62%
Times interest earned: 6.96 12.72
Asset turnover: 100% 96%
Debt to total assets: 273.58 204.91
Current cash debt coverage: $1.78 $1.91
Cash debt coverage: 0.39 0.47
Free cash flow: ($320,855,172 ($432,200,679)
Oi 361
Based on this analysis, Landry’s Restaurants Inc. finances are in good standings. For the year of 2003, Landry’s Restaurants Inc. cost of revenues was up by 29.1% compared to 2002 it was up by 28.8%. With good numbers such as these, allows Landry’s Restaurants Inc. to operate at a 100% turnover rate. The company is continuously growing and adding more restaurants each year earning more profits. In 2003, the retained earnings were $166,526,894 which is a profit of $41,067,215 from the amount made in 2002 (Phillips, Libby, & Libby, 2005) . Even with the earnings per share an increase of $.06 for basic and $.08 for diluted shows that Landry’s Restaurants Inc. is a company to be reckoned with. The financial statements show by quarterly reports, how the company has grown. This will lead for more possible investors and extended credits. The most important principle of financial accounting is to organize financial reports that provide data about an organizations presentation to external groups such as investors, creditors, and tax authorities (Quick MBA - Accounting). Acc300
Acc 300
Acc 300