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

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

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

what's the cash debt coverage

To compute the ratios for Landry's Restaurant using the financial statements in Appendix A of the text "Fundamentals of Financial Accounting," we will need to gather the necessary financial numbers from the statements and apply the appropriate formulas. However, since I am an AI text-based bot and cannot access external resources, I cannot provide specific figures from the mentioned appendix. I can, however, guide you through the general formulas used to calculate these ratios.

a. Earnings Per Share (EPS):
EPS is a measure of profitability that indicates the portion of the company's earnings allocated to each outstanding share of common stock. It is calculated by dividing net income by the weighted average number of shares outstanding during the period.

EPS = Net Income / Weighted Average Number of Shares Outstanding

b. Return on Assets (ROA):
ROA measures the profitability of a company's assets. It shows how effectively a company can generate profit from its available assets.

ROA = Net Income / Average Total Assets

c. Current Ratio:
The current ratio measures a company's short-term liquidity, indicating its ability to cover short-term obligations with its current assets.

Current Ratio = Current Assets / Current Liabilities

d. Times Interest Earned (Interest Coverage Ratio):
The times interest earned ratio reflects a company's ability to cover its interest expenses with its operating income.

Times Interest Earned = Operating Income / Interest Expense

e. Asset Turnover:
The asset turnover ratio measures how efficiently a company utilizes its assets to generate revenue.

Asset Turnover = Net Sales / Average Total Assets

f. Debt to Total Assets:
The debt to total assets ratio indicates the proportion of a company's assets (financed by debt).

Debt to Total Assets = Total Debt / Total Assets

g. Current Cash Debt Coverage:
This ratio helps evaluate the ability of a company to cover its short-term debt with its operating cash flows.

Current Cash Debt Coverage = Cash Provided by Operations / Current Liabilities

h. Cash Debt Coverage:
The cash debt coverage ratio assesses a company's ability to repay its total debt with its operating cash flows.

Cash Debt Coverage = Cash Provided by Operations / Average Total Liabilities

i. Free Cash Flow:
Free cash flow represents the cash generated by the company's operations that is available for distribution to investors or reinvestment.

Free Cash Flow = Cash Flow from Operating Activities - Capital Expenditures

Please note that these ratios require specific financial figures from the financial statements, and you would need to refer to the mentioned Appendix A of the textbook to obtain the necessary data to calculate these ratios for Landry's Restaurant in 2002 and 2003.