Question
A U.S based company achieved significant sales growth in its major international regions between 2001 and 2003. In its filings with the United States Security
A U.S based company achieved significant sales growth in its major international regions between 2001 and 2003. In its filings with the United States Security and Exchange Commission (SEC), it reported the percentage change in regional sales that occurred as a result of exchange rate changes.
| 2001 Sales (thousands) | 2002 Sales (thousands) | 2003 (thousands) | |
| Europe | $933450 | $1126150 | $1856100 |
| Latin America | $471300 | $466350 | $662150 |
| Asia Pacific | $119750 | $136950 | $271550 |
| Total International | $1524500 | $1729450 | $2789850 |
| USA | $3392250 | $3422400 | $3803800 |
| Total Net Sales | $4916750 | $5151850 | $659600 |
Impact of change in Currency rates
| Region | 2001-2002 | 2002-2003 |
| Europe | 7% | 15% |
| Latin America | -9% | -6% |
| Asia Pacific | 3% | 13% |
(a) What was the percentage change in sales, in U.S. dollars, in each of the four regions (Europe, Latin America, Asia Pacific, US), in the two year period (2001-2003)?
(b) What was the percentage change in sales by region net of currency change impacts?
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Financial Crimes
Authors: Maximilian Edelbacher, Peter Kratcoski, Michael Theil
1st Edition
0367866528, 978-0367866525
