Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. Here are 2016 U.S. and foreign sales (in millions). a. Calculate (foreign sales/total sales). PPG Dow DuPont U.S. Sales 9683 16637 6595 Foreign Sales

image text in transcribed

3. Here are 2016 U.S. and foreign sales (in millions). a. Calculate (foreign sales/total sales). PPG Dow DuPont U.S. Sales 9683 16637 6595 Foreign Sales Foreign/Total Sales 14911 31521 8156 b. Calculate foreign currency transl ation as a percentage of net income and comprehensive income (stated in millions) for 2016 DuPont PPG Dow Net Income 2513 4318 877 Translation Adjustment Comprehensive Income Translation Adjustment / N Translation Adjustment/ CI -644 -510 -476 2010 3249 1235 c. Calculate cumulative foreign currency translations adjustment for the past three years and as a percent of 2016 compre hensive income (stated in millions). DuPont Dow PPG Translation Adjustment, 2015 Translation Adjustment, 2014 Total Translation Adjustment, 2014-2016 Total Translation Adjustment/2016 Comprehensive Income -1605 -986 -717 -876 -1227 596 d. Compare foreign operations and translation adjustments on the operations of these chemical companies. 3. Here are 2016 U.S. and foreign sales (in millions). a. Calculate (foreign sales/total sales). PPG Dow DuPont U.S. Sales 9683 16637 6595 Foreign Sales Foreign/Total Sales 14911 31521 8156 b. Calculate foreign currency transl ation as a percentage of net income and comprehensive income (stated in millions) for 2016 DuPont PPG Dow Net Income 2513 4318 877 Translation Adjustment Comprehensive Income Translation Adjustment / N Translation Adjustment/ CI -644 -510 -476 2010 3249 1235 c. Calculate cumulative foreign currency translations adjustment for the past three years and as a percent of 2016 compre hensive income (stated in millions). DuPont Dow PPG Translation Adjustment, 2015 Translation Adjustment, 2014 Total Translation Adjustment, 2014-2016 Total Translation Adjustment/2016 Comprehensive Income -1605 -986 -717 -876 -1227 596 d. Compare foreign operations and translation adjustments on the operations of these chemical companies

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of Energy Audits

Authors: Prentice-Hall

1st Edition

0881731285, 978-0881731286

More Books

Students also viewed these Accounting questions

Question

3. List ways to manage relationship dynamics

Answered: 1 week ago