B. How does China Noah's profitability (using return on sales as the primary metric) change depending on whether the IDR/NY exchange rate follows (a) forecast spot rates, (b) forward rate quotes, or (c) fixed rate baseline

assumption?

Exhibit 3. China Noab Corporation's Cost of Goods Sold Composition China Noah's Bstimated Indonesian Sourcing Exposure 17,200,000 307 \$ 5,180,000 44,000 431,904,400,000 t3. 904 hillion ruswat