2. How would you characterize or structure your analysis of each of the individual country threats to LaJolla? What specific features of their individual problems seem to be intertwined with currency issues? Meaghan O'Connor had inherited a larger set of problems in the Engineering Equipment Division than she had ever expected. After taking over as the CFO of the division in March 2004, Meaghan had discovered that Lalolla's Engineering Equipment Division's Latin American sub- sidiaries were the source of recent losses and growing income threats. The rather unusual part of the growing problem was that both the losses and the threats were arising from currency translation. Latin American Subsidiaries LaJolla was a multinational engineering services com- pany with an established reputation in electrical power system design and construction. Although most of LaJolla's business was usually described as "services," and therefore using or owning few real assets, that was not the case with the Engineering Equipment Division. This specific business unit was charged with owning and operating the very high-cost and specialized heavy equip- ment involved in certain electrical power transmission and distribution system construction. In Meaghan's ter- minology, she was in charge of the "Big Iron" in a company of consultants.