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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

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 of Revenue 6,012 5,786
Gross Profit 11,181 10,695
Selling/General/Admin. Expenses 7,553 7,140
Amortization 0 6
Unusual Expense (Income) 126 116
Other Operating Expenses, Total 17 4
Operating Profit 3,485 3,429
Interest Expense -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 -292 -306
Equity In Affiliates 7 7
Profit Attributable to Shareholders 2,026 2,025

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 1,013 1,559 Trade Payables 2,292 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

10,354

10,118

Total Current Liabilities

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

21,129

20,266

Total Liabilities

18,679

18,794

Shareholders Equity
Ordinary Shares 147 147
Additional Paid-In Capital 1,737 1,736
Retained Earnings
(Accumulated Deficit) 12,274 11,192
Treasury Stock - Common -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

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 1.36 1.57
Quick ratio 0.7261 0.69
Cash Ratio 0.2161 0.1561
Asset utilization ratios:
Total asset turnover 0.54 0.55
Inventory turnover
Receivables turnover
Long-term solvency ratios:
Total debt ratio 0.62 0.5961
Debtequity ratio 1.6261 1.4661
Equity multiplier 2.6261 2.4661
Times interest earned ratio 14.23 13.67
Profitability ratios:
Profit margin % %
Return on assets % %
Return on equity 17.47 % 15.82%

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