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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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