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$_38. LO4 KELLOGG COMPANY (K) Kellogg included the following note in its fiscal 2018 10-K report ($ millions). Adjusted net income attributable to Kellogg Foreign
$_38. LO4 KELLOGG COMPANY (K) Kellogg included the following note in its fiscal 2018 10-K report ($ millions). Adjusted net income attributable to Kellogg Foreign currency impact. Currency-neutral adjusted net income attributable to Kellogg .... $1,510 4 $1,506 a. Assume the foreign currency impact related entirely to foreign sales. Determine whether the SUS strengthened or weakened vis--vis the currencies in which Kellogg conducts business. b. Assume the foreign currency impact related entirely to purchases of goods from foreign vendors. Determine whether the $US strengthened or weakened vis--vis the currencies in which Kellogg c. As an analyst, how would we treat this foreign currency impact in our analysis of Kellogg? conducts business. $_38. LO4 KELLOGG COMPANY (K) Kellogg included the following note in its fiscal 2018 10-K report ($ millions). Adjusted net income attributable to Kellogg Foreign currency impact. Currency-neutral adjusted net income attributable to Kellogg .... $1,510 4 $1,506 a. Assume the foreign currency impact related entirely to foreign sales. Determine whether the SUS strengthened or weakened vis--vis the currencies in which Kellogg conducts business. b. Assume the foreign currency impact related entirely to purchases of goods from foreign vendors. Determine whether the $US strengthened or weakened vis--vis the currencies in which Kellogg c. As an analyst, how would we treat this foreign currency impact in our analysis of Kellogg? conducts business
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