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AmericoIndustries' Consolidate Earnings. Americo is aU.S.-based multinational manufacturing firm with wholly-owned subsidiaries inBrazil, Germany, andChina, in addition to domestic operations in the United States. Americo

AmericoIndustries' Consolidate Earnings. Americo is aU.S.-based multinational manufacturing firm with wholly-owned subsidiaries inBrazil, Germany, andChina, in addition to domestic operations in the United States. Americo is traded on the NASDAQ. Americo currently has 655,000 shares outstanding. The basic operating characteristics of the various business units are asfollows:(Click on the icon to import the table into aspreadsheet.)

Business Performance(000s) U.S. Parent Brazilian Subsidiary German Subsidiary Chinese Subsidiary

Earnings before taxes(EBT) $5,010 $6,220 4,490 2,510

Corporate income tax rate 35% 25% 40% 30%

Average exchange rate for the period $1.7785/$ $0.6111/$ $7.6708/$

Americo must pay corporate income tax in each country in which it currently has operations.

a. After deducting taxes in eachcountry, what areAmerico's consolidated earnings and consolidated earnings per share in U.S.dollars?

b. What proportion ofAmerico's consolidated earnings arise from each individualcountry?

c. What proportion ofAmerico's consolidated earnings arise from outside the UnitedStates?

a. After deducting taxes in eachcountry, what areAmerico's consolidated earnings and consolidated earnings per share in U.S.dollars?

Calculate the business performance per countrybelow:(Round to two decimal places. Round exchange rates to four decimalplaces.)

U.S. Parent

Business Performance (000s)

Company

Earnings before taxes (local currency)

$

Less corporate income taxes

$

Net profits of individual subsidiary

$

Avg exchange rate for the period (fc/$)

Net profits of individual subsidiary

$

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