The fi nancial statements of Louis Vuitton are presented in Appendix F. Instructions for accessing and using the company’s complete annual report, including the notes LO15 to its fi nancial statements, are also provided in Appendix F.
Instructions Use the company’s 2014 annual report to answer the following questions.

(a) What was the company’s profit margin for 2014? Has it increased or decreased from 2013?

(b) What was the company’s operating profit for 2014?

(c) The company reported comprehensive income of €3,267 billion in 2014. What are the other comprehensive gains and losses recorded in 2014?