Maori Beer is a New Zealand-based brewery and files all of its financial statements in New Zealand

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Maori Beer is a New Zealand-based brewery and files all of its financial statements in New Zealand dollars (NZD).

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?

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Multinational Business Finance

ISBN: 9781292445960

16th Global Edition

Authors: David Eiteman, Arthur Stonehill, Michael Moffett

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Question Posted: May 27, 2024 02:09 AM

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Maori Beer is a New Zealand-based brewery and files all of its financial statements in New Zealand

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2017 2018 2019 Total net sales, NZD 180,900 195,275 250,500 Percent of total sales from Europe 49% 43% 38% Total European sales, NZD Average exchange rate, NZD EUR1.00 1.95 1.85 1.75 Total European sales, euros Growth rate of European sales (based on EUR)

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Multinational Business Finance

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