Landry's Restaurant Financial Statement

Week Four Individual Assignment

Tammy Adams

University of Phoenix

ACC 300 Principles of Accounting

Douglas Hartman, C.P.A.

March 2, 2009

Landry’s Restaurant Financial Statements

|RATIO |RATIO USE |Ratio 2003 |RATIO 2002 |RATIO RESULT |

|Earnings Per Share |Measures the company's profit distributed among outstanding |1.66 |1.6 |This is a bonus for a publicly traded company. The earnings per |

| |share of common stock. | | |share has increased from $1.60 in 2002 to $1.66 in 2003. This |

| | | | |shows that share profit can increase even when net profit and |

| | | | |gross profit decrease. |

|Return On Assets |A measure of a company's profitability, equal to a fiscal |4.16% |4.45% |There was a decrease in this ratio. This may suggest assests are |

| |year's earnings divided by its total assets, expressed as a | | |not being utilized as wisely as they were in 2002. This may also |

| |percentage | | |suggest what worked in 2002 may need to be changed in 2003. |

|Current Ratio |Calculates the company's ability to meet short term debt |0.76 |0.62...