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.

There is no written paper required for this assignment. Compute each ratio, showing your work (i.e.:  lay out the formula and then do the computation). Points will be awarded for getting specific portions of the ratio correct even if the overall answer is not. Then write a few sentences (up to a paragraph) discussing what the overall analysis of all the ratios tells you about Landry's financial position.