Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
| Find the following financial ratios for LVMH Moet Hennessy Louis Vuitton SA (use year-end figures rather than average values where appropriate) (Round your answers to 2 decimal places (e.g., 32.16).) : |
| 2015 | 2016 | |
| Short-term solvency ratios: | ||
| Current ratio | ||
| Quick ratio | ||
| Cash ratio | ||
| Asset utilization ratios: | ||
| Total asset turnover | ||
| Inventory turnover | ||
| Receivables turnover | ||
| Long-term solvency ratios: | ||
| Total debt ratio | ||
| Debt–equity ratio | ||
| Equity multiplier | ||
| Times interest earned ratio | ||
| Profitability ratios: | ||
| Profit margin | % | % |
| % | % | |
| % | % | |
Transcribed Image Text:Some recent financial statements for the luxury goods company LVMH Moet Hennessy Louis Vuitton SA
follow.
Income Statements for LVMH Moet Hennessy Louis Vuitton
Y/E
Y/E
2016
2015
€m
€m
Revenue
17,193
16,481
Cost
Revenue
6,012
5,786
Gross Profit
11,181
10,695
Selling/General/Admin. Expenses
7,553
7,140
Amortization
Unusual Expense (Income)
126
116
Other Operating Expenses, Total
17
4
Operating Profit
Interest Expense
3,485
3,429
-255
-241
Interest/Invest Income
15
30
Other, Net
-41
-41
Profit Before Taxes
3,204
3,177
Provision for Income Taxes
893
853
Profit After Taxes
2,311
2,324
Minority Interest
Equity In Affiliates
-292
-306
7
7
Profit Attributable to Shareholders
2,026
2,025
Transcribed Image Text:Statements of Financial Position LVMH Moet Hennessy Louis Vuitton
Dec 16
Dec 15
Dec 16
Dec 15
€m
€m
€m
€m
Current Assets
Current Liabilities
Cash and Short-Term
Investments
Trade Payables
2,292
1,013
1,559
2,095
Trade Receivables
1,650
1,595
Accrued Expenses
1,866
1,552
Notes Payable/Short-
Term Debt
Receivables - Other
229
151
1,571
2,212
Current Port. of LT
Total Inventory
5,767
4,812
Debt/Capital Leases
276
926
Other Current Assets
1,695
2,001
Other Current liabilities
610
628
Total Current Assets
Total Current Liabilities
10,354
10,118
6,615
7,413
Non-Current Assets
Non-Current Liabilities
Property/Plant/Equipment
6,081
5,419
Total Long-Term Debt
3,738
2,477
Goodwill, Net
4,423
4,818
Deferred Income Tax
3,113
2,843
Intangibles, Net
8,523
7,999
Minority Interest
989
938
Long Term Investments
591
952
Other Liabilities
4,224
5,123
Other Long-Term Assets
1,511
1,078
Total Non-Current Liabilities
12,064
11,381
Total Non-Current Assets
Total Liabilities
21,129
20,266
18,679
18,794
Shareholders' Equity
Ordinary Shares
147
147
Additional Paid-In Capital
1,737
1,736
Retained Earnings
11,192
(Accumulated Deficit)
Treasury Stock -
Common
12,274
-983
-877
Other Equity, Total
-371
-608
Total Equity
12,804
11,590
Total Liabilities &
Total Assets
31,483
30,384
Shareholders' Equity
31,483
30,384
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