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4. Lantau Beer is a Hong Kong-based brewery and files all of its financial statements in Hong Kong dollars (HK$). The company's US sales director,
4. Lantau Beer is a Hong Kong-based brewery and files all of its financial statements in Hong Kong dollars (HK$). The company's US sales director, Phillipp Boss, has been criticized for his performance. He disagrees, arguing that sales in US have grown steadily in recent years. Who is correct? 2012 2010 333 575 37% 2011 387 500 32% 444 900 30% Total net sales, HK$ Percent of total sales from US Total US sales, HK$ Average exchange rate, HK$/$ Total US Sales, US dollar ($) Growth rate of US sales 8,5 8,7 7,7
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