The financial statements of Louis Vuitton are presented in Appendix F. The complete annual report, including the

Question:

The financial statements of Louis Vuitton are presented in Appendix F. The complete annual report, including the notes to its financial statements, is available at the company’s website.

Instructions

Use the company’s annual report to answer the following questions.

a. Determine the following amounts at December 31, 2015:

(1) Total equity

(2) Total revaluation reserve

(3) Number of treasury shares.

b. Examine the equity section of the company’s balance sheet. For each of the following, provide the comparable label that would be used under GAAP:

(1) Share capital.

(2) Share premium.

(3) net profit, group share.

c. Did the company declare and pay any dividends for the year ended December 31, 2015?

d. Compute the company’s return on ordinary shareholders’ equity for the year ended December 31, 2015.

e. What was Louis Vuitton’s earnings per share for the year ended December 31, 2015?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...

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a The companys total equity is 25799 million at yearend 2015 in...View the full answer

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Related Book For answer-question

Financial and Managerial Accounting

ISBN: 978-1119392132

3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Feb 13, 2020 12:11 PM

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The financial statements of Louis Vuitton are presented in Appendix F. The complete annual report, including the

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a The companys total equity is 25799 million at yearend 2015 in...View the full answer

Financial and Managerial Accounting

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