Air France-KLM S.A. is an international airline headquartered in France with stock traded in both Paris and Amsterdam. It has more than 400 aircraft and more than 100,000 employees. On September 30, 2011, Air France-KLM’s noncash assets were €24,860 million. Total assets were €27,739 million, and total liabilities were €21,512 million. The symbol € represents the euro, the European currency.
1. Compute the following:
a. Air France-KLM’s cash on September 30, 2011.
b. Air France-KLM’s stockholders’ equity on September 30, 2011.
2. Explain the easiest way to determine Air France-KLM’s total liabilities and stockholders’ equity from the information given in this problem.