Bristol Myers Squibb ( (1 mathrm MY ) ) reports the following table in its (10 mathrm K ) report relating to the year overyear change in sales a Did sales increase or decrease in 2006 and 2007 By what percentage What amount of this change was attributable to fluctuations in the value of foreign cur...

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Bristol-Myers Squibb ( (1 mathrm{MY}) ) reports the following table in its (10-mathrm{K}) report relating to the

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Bristol-Myers Squibb ( $1 \mathrm{MY}$ ) reports the following table in its $10-\mathrm{K}$ report relating to the year-overyear change in sales.

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a. Did sales increase or decrease in 2006 and 2007? By what percentage? What amount of this change was attributable to fluctuations in the value of foreign currencies vis-a-vis the \$US?

b. What can we infer from the table about the relative strength of the \$US compared with the currencies in the countries in which BMY does business?

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Financial Accounting For MBAs

ISBN: 9781934319345

4th Edition

Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally

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Question Posted: Jun 24, 2024 02:01 AM

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Bristol-Myers Squibb ( (1 mathrm{MY}) ) reports the following table in its (10-mathrm{K}) report relating to the

Question:

Analysis of % Change Total Change Volume Price Foreign Exchange 2007 vs. 2006.......... 12% 7% 2% 3% 2006 vs. 2005... (7)% (9)% 2%

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Financial Accounting For MBAs

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