Problem: 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. Net profit Margin
b. Gross profit margin
c. Fixed asset turnover
d. Return on equity (ROE)
e. Earnings per share
f. Quality of income
g. Receivables turnover
h. Inventory turnover
i. Current ratio
j. Debt to total assets
k. Times interest earned
l. Cash coverage
m. Capital acquisition ratio
Complete the calculations in a Microsoft Excel workbook where you will show your calculations. Also, in the workbook, explain what each of these ratios mean and what the change from year to year means to Landry's. Be sure to cite what your analysis tells you about Landry's financial performance.