A) Earnings per Share $1.66 $1.60
B) Return on Assets 4.51% 5.12%
C) Current Ratio 0.76 0.62
D) Times Interest Earned 7.00 13.04
E) Asset Turnover 1.09 1.10
F) Debt-to-Total Assets 0.4518 0.3922
G) Current Cash Debt Coverage 0.762 0.753
h) Cash Debt Coverage Ratio 0.281 0.337
I) Free Cash Flow ($23,211) N/A
using the financial statements of landry's restaurant 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
3 answers
Earnings per share Net income
Average Number of shares of common stock outstanding Page 618. The actual ratios are displayed, or you can calculate them yourself. 41521616 = 1.60eps
25900000 1.66
Return on assets
Net Income
Average total Assets =
The net income is found on pages 614 or 618. The total assets are on page 625, except for 2001. It is found on the 10k on page 26. 5.12 4.51
Current Ratio Current Assets
Current Liabilities Page 625. .62 .76
Times Interest Earned Net income +Interest expense + Income Tax Expense
Interest Expense Page 618. 13.04 7.00
Asset Turnover Nets Sales Revenue
Average Total Assets =
The net income is found on pages 614 or 618. The total assets are on page 625, except for 2001. It is found on the 10k on page 26. 1.10 1.09
Debt to Total Assets Total Liabilities
Total Assets Page 625. .3922 .4518
Current cash debt coverage
Net Cash provided by operating activities
Average current liabilities Page 628 on the net cash numbers. The total current liabilities are on page 625, except for 2001. It is found on the 10k on page 26. .753 .762
Cash debt coverage Net Cash provided by operating activities
Average total Liabilities Page 628 on the net cash numbers. The total liabilities are on page 625, except for 2001. It is found on the 10k on page 26.
Free cash flow ratio
Operating cash flow- capital expenditures –cash dividends Page 628. .10 .90
Average Number of shares of common stock outstanding Page 618. The actual ratios are displayed, or you can calculate them yourself. 41521616 = 1.60eps
25900000 1.66
Return on assets
Net Income
Average total Assets =
The net income is found on pages 614 or 618. The total assets are on page 625, except for 2001. It is found on the 10k on page 26. 5.12 4.51
Current Ratio Current Assets
Current Liabilities Page 625. .62 .76
Times Interest Earned Net income +Interest expense + Income Tax Expense
Interest Expense Page 618. 13.04 7.00
Asset Turnover Nets Sales Revenue
Average Total Assets =
The net income is found on pages 614 or 618. The total assets are on page 625, except for 2001. It is found on the 10k on page 26. 1.10 1.09
Debt to Total Assets Total Liabilities
Total Assets Page 625. .3922 .4518
Current cash debt coverage
Net Cash provided by operating activities
Average current liabilities Page 628 on the net cash numbers. The total current liabilities are on page 625, except for 2001. It is found on the 10k on page 26. .753 .762
Cash debt coverage Net Cash provided by operating activities
Average total Liabilities Page 628 on the net cash numbers. The total liabilities are on page 625, except for 2001. It is found on the 10k on page 26.
Free cash flow ratio
Operating cash flow- capital expenditures –cash dividends Page 628. .10 .90
what's the cash debt coverage
1 answer