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. What were the total current liabilities for the company as of December 31, 2015? What portion of these current liabilities related to provisions?

b. According to the notes to the financial statements, what is the composition of long-term gross borrowings?

c. According to the accounting policy note to the financial statements, how are borrowings measured?

d. Determine the amount of fixed-rate and adjustable-rate (floating) borrowings (gross) that the company reports.