2. Please answer both questions

1.

If the ratio of the percent change in earnings per share to the corresponding percent change in EBIT were 2, what percent change in earnings per share would you expect to follow a 17% decline in EBIT?

		3.4%
		6.5%
		34%
		28%

2.

An American firm must pay the equivalent of $2,500 in Eeuros to a firm in the Netherlands. On the day of the transaction, the U.S. equivalent is 1.3939, and the currency per U.S. dollar is 0.7174. How many Euros will the firm in the Netherlands receive?

		1793.50 Euros
		3,484.75 Euros
		1794.52 Euros
		3485.81 Euros