4.11 Maori Beer (A): European Sales. Maori Beer is a New Zealand-based brewery and files all...

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4.11 Maori Beer (A): European Sales. Maori Beer is a New Zealand-based brewery and files all of its finan- cial statements in New Zealand dollars (NZ$). The company's European sales director Kieran Barrett has been criticized for his performance. He disagrees, arguing that sales in Europe have grown steadily in recent years. Who is correct? 2017 2018 2019 Total net sales, NZ$ 180,900 195,275 250,500 Percent of total 49% 43% 38% sales from Europe Total European sales, NZ$ Average exchange 1.95 1.85 1.75 rate, NZ$/ Total European sales, euros Growth rate of European sales