Question

Air France reports the following balance sheet for the year ended March 31, 2007.

Required:
A. In what order are assets listed on the balance sheet?
B. Comment on other differences (IFRS relative to U.S. GAAP) that you might notice on the balance sheet.
C. What is the current ratio for the years ending March 31, 2006 and 2007?
D. What is the ratio of long-term debt to equity for the years ending March 31, 2006 and 2007?
E. Are there any typical balance sheet ratios that cannot be readily computed using the IFRS based financial statement? If so, what arethey?


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  • CreatedMarch 13, 2015
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