Analysis of Global Business You have gathered the following information about the revenues and operating income of JOL Company over the last 2 years:

Compute the percent of sales revenue, the percent change in sales revenue in 2001, and the return on sales by geographic area. If the trends from 2000 to 2001 are expected to continue, which geographic area would you recommend that JOL consider for expansion? Explain why you chose that geographic area.

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Revenues (in millions) U.S. 2001 2000 $257,150 $233,500 Europe 155,000 135,000 South America 70,000 60,000 Net Income (in millions) U.S. $25,715 $23,350 Europe 12,600 13,500 South America 13,000 11,000