You have been asked to compare the sales and assets of four companies that make computer chips to determine which company is the largest in each category. You have gathered the following data, but they cannot be used for direct comparison because each company’s sales and assets are in its own currency:

Assuming that the exchange rates in Table 1 are current and appropriate, convert all the figures to U.S. dollars and determine which company is the largest in sales and which is the largest in assets.
The Accounting Equation

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Company (Currency) DigiChip (U.S. dollar) Nanhai (Hong Kong dollar) Tosa (Japanese yen) Sales Holstein (Euro) 2,000,000 Assets 1,300,000 5,000,000 2,400,000 350,000,000 250,000,000 3,000,000 3,900,000