Analyzing Moet Hennessy Louis Vuitton’s (LVMH) Inventory Disclosures
Obtain Moet Hennessy Louis Vuitton’s 2017 annual report using the “Investor Relations” portion of its website (do a web search for Moet Hennessy – Louis Vuitton investor relations).
Required:
1.
Explain the inventory of L Company
From the “Investor Relations” of the L Company’s website, following facts are revealed:
Being a diversified company, Company L has a variety of inventories from alcohol to retail products...
2.
Explain how L Company values its inventory other than wines and explain the reason for not using LIFO method.
3.
Explain how L Company values its wine inventory and explain the reason for this valuation.
4.
Explain whether L Company records any inventory write-down during the year and show the dollar amount.
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