Mattel (U.S.) achieved significant sales growth in its major international regions between 2001 and 2004. In its filings with the United States Security and Exchange Commission (SEC), it reported both the amount of regional sales and the percentage change in those sales resulting from exchange rate changes.

a. What was the percentage change in sales, in U.S.

dollars, by region?

b. What were the percentage changes in sales by region net of currency change impacts?

c. What impact did currency changes have on the level and growth of consolidated sales between 2001 and 2004?

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(thousands of US$) Europe 2001 Sales ($) Mattel's Global Sales 2002 Sales ($) $933,450 $1,126,177 2003 Sales ($) $1,356,131 Latin America 471,301 466,349 462,167 2004 Sales ($) $1,410,525 524,481 Canada 155,791 161,469 185,831 197,655 Asia Pacific 119,749 136,944 171,580 203,575 Total International $1,680,291 $1,890,939 $2,175,709 $2,336,236 United States 3,392,284 3,422,405 3,203,814 3,209,862 Sales Adjustments (384,651) (428,004) (419,423) (443,312) Total Net Sales $4,687,924 $4,885,340 $4,960,100 $5,102,786 Impact of Change in Currency Rates Region Europe 2001-2002 2002-2003 2003-2004 70% 15.0% 8.0% Latin America Canada Asia Pacific -9.0% -6.0% -2.0% 0.0% 11.0% 5.0% 3.0% 13.0% 6.0%