Blundel beheehaus be company was born the company dochty contator 2013 2014 setting What's US dos 2013 2014 the same change cakes which is what was the comportags on contre ung thuhet se Bundesges for your exchange Wawasic protsus. 2003 16 Come commento us on the other word games 1 ly Hnh v thi Ce compus 2013 and 2014 woonpan Net income Japanese British USI Subsidiary Subsidiary Q 010 dollar a 1 Japanese Subsidiary JPY 1,500 ary Net Income 2013 2014 British Subsidiary GBP 10000 106.40 European Subsidiary EUR 204 00 20800 Chinese Subsidiary CNY 16800 19400 Russian Subsidiary RUB 124.00 116.00 United States Subsidiary USD 350.00 382 00 1.400 JPY 1 USD USD Exchange Rate 2013 2014 USD - 1 GBP 15640 1 6473 USD - 1 EUR 13286 13288 CNY - 1 USD 6 1484 61012 RUB - 1 USD 3106 30.02 10580 D Problem 1-10 (book/static) Blundell Biotech. Blundell Biotech is a US based biotechnology company with operations and earnings in a number of foreign countries. The company's profits by for 2013 and 2014 Use Subsidiary, in local currency (in millions) along with the average exchange rate for each year by currency pairs, are shown in the table these data to answer the following questions a. What was Blundell Biotech's consolidated profits in U.S. dollars in 2013 and 2014? b. In the same exchange rates were used for both years which is often called a "constant currency basis what was the change in corporate earnings on a constant Currency basis? c. Using the results of the constant currency analysis in part (b), is it possible to separate Blundells growth in earnings between local currency earnings and foreign exchange rate impacts on a consolidated basis? a. What was Blundell Biotech's consolidated profits in US dollars in 2013 and 2014 Consolidated profits or earnings is found to consolidating the converted profits in each foreign currency to US dollars for that period. (This is simplified Actual accounting practices would require the additional netting of any intra-company transactions resulting to eliminate any double counting of profits) Calculate the consolidated profits in US dollars in 2013 and 2014 below (Round to two decimal places) Net Income Japanese British (USD) Subsidiary Subsidiary (2013) (2014) 1379 Chang) 1537 (Click on the icon to import the table into a spreadsheet) (a) Net Income 2013 2014 Japanese Subsidiary JPY 1,500 1400 British Subsidiary GBP 100.00 106.40 European Subsidiary EUR 204.00 208.00 Chinese Subsidiary CNY 168.00 194.00 Russian Subsidiary RUB 124.00 116.00 United States Subsidiary USD 360.00 382 00 (6) Exchange Rate 2013 2014 JPY - 1 USD 97.57 105.88 USD - 1 GBP 1.5646 1 6473 USD = 1 EUR 1.3286 1.3288 CNY = 1 USD 6.1484 6.1612 RUB = 1 USD 31 86 38.62 USD 1 Blundel beheehaus be company was born the company dochty contator 2013 2014 setting What's US dos 2013 2014 the same change cakes which is what was the comportags on contre ung thuhet se Bundesges for your exchange Wawasic protsus. 2003 16 Come commento us on the other word games 1 ly Hnh v thi Ce compus 2013 and 2014 woonpan Net income Japanese British USI Subsidiary Subsidiary Q 010 dollar a 1 Japanese Subsidiary JPY 1,500 ary Net Income 2013 2014 British Subsidiary GBP 10000 106.40 European Subsidiary EUR 204 00 20800 Chinese Subsidiary CNY 16800 19400 Russian Subsidiary RUB 124.00 116.00 United States Subsidiary USD 350.00 382 00 1.400 JPY 1 USD USD Exchange Rate 2013 2014 USD - 1 GBP 15640 1 6473 USD - 1 EUR 13286 13288 CNY - 1 USD 6 1484 61012 RUB - 1 USD 3106 30.02 10580 D Problem 1-10 (book/static) Blundell Biotech. Blundell Biotech is a US based biotechnology company with operations and earnings in a number of foreign countries. The company's profits by for 2013 and 2014 Use Subsidiary, in local currency (in millions) along with the average exchange rate for each year by currency pairs, are shown in the table these data to answer the following questions a. What was Blundell Biotech's consolidated profits in U.S. dollars in 2013 and 2014? b. In the same exchange rates were used for both years which is often called a "constant currency basis what was the change in corporate earnings on a constant Currency basis? c. Using the results of the constant currency analysis in part (b), is it possible to separate Blundells growth in earnings between local currency earnings and foreign exchange rate impacts on a consolidated basis? a. What was Blundell Biotech's consolidated profits in US dollars in 2013 and 2014 Consolidated profits or earnings is found to consolidating the converted profits in each foreign currency to US dollars for that period. (This is simplified Actual accounting practices would require the additional netting of any intra-company transactions resulting to eliminate any double counting of profits) Calculate the consolidated profits in US dollars in 2013 and 2014 below (Round to two decimal places) Net Income Japanese British (USD) Subsidiary Subsidiary (2013) (2014) 1379 Chang) 1537 (Click on the icon to import the table into a spreadsheet) (a) Net Income 2013 2014 Japanese Subsidiary JPY 1,500 1400 British Subsidiary GBP 100.00 106.40 European Subsidiary EUR 204.00 208.00 Chinese Subsidiary CNY 168.00 194.00 Russian Subsidiary RUB 124.00 116.00 United States Subsidiary USD 360.00 382 00 (6) Exchange Rate 2013 2014 JPY - 1 USD 97.57 105.88 USD - 1 GBP 1.5646 1 6473 USD = 1 EUR 1.3286 1.3288 CNY = 1 USD 6.1484 6.1612 RUB = 1 USD 31 86 38.62 USD 1
