Blundell Biotech. Blundell Biotech is a$$ U$.$S$.-$based biotechnology company with operations and earnings in a number of foreign countries. The$$ company's profits by$$ subsidiary, in local currency$($in millions$),$ are shown in the table LOADING...

$$for $2013$ and $2014.$

a$.$ What was Blundell$$ Biotech's consolidated profits in U$.$S$.$ dollars in $2013$ and$2014?$

b$.$ If the same exchange rates were used for both$$ years, what was the change in corporate earnings on a$$ "constant currency"$$ basis?

c$.$ Using the results of the constant currency analysis in part $($b$),$ is it possible to separate$$ Blundell's growth in earnings between local currency earnings and foreign exchange rate impacts on a consolidated$$ basis? Japanese

Subsidiary

British

Subsidiary

European

Subsidiary

Chinese

Subsidiary

Russian

Subsidiary

United States

Subsidiary

Net Income

JPY

GBP

EUR

CNY

RUB

USD

$2013$

$1$ comma $497$

$1,497$

$93\mathrm{.}99$

$93\mathrm{.}99$

$201\mathrm{.}57$

$201\mathrm{.}57$

$167\mathrm{.}39$

$167\mathrm{.}39$

$115\mathrm{.}83$

$115\mathrm{.}83$

$361\mathrm{.}65$

$361\mathrm{.}65$

$2014$

$1$ comma $454$

$1,454$

$106\mathrm{.}39$

$106\mathrm{.}39$

$207\mathrm{.}45$

$207\mathrm{.}45$

$194\mathrm{.}67$

$194\mathrm{.}67$

$114\mathrm{.}61$

$114\mathrm{.}61$

$386\mathrm{.}32$

$386\mathrm{.}32$

$($b$)$

Exchange Rate

JPY$=1$ USD

USD$=1$ GBP

USD$=1$ EUR

CNY$=1$ USD

RUB$=1$ USD

USD

$2013$

$97\mathrm{.}54$

$97\mathrm{.}54$

$1\mathrm{.}6083$

$1\mathrm{.}6083$

$1\mathrm{.}2398$

$1\mathrm{.}2398$

$6\mathrm{.}2235$

$6\mathrm{.}2235$

$31\mathrm{.}96$

$31\mathrm{.}96$

$1$

$1$

$2014$

$105\mathrm{.}92$

$105\mathrm{.}92$

$1\mathrm{.}7164$

$1\mathrm{.}7164$

$1\mathrm{.}3923$

$1\mathrm{.}3923$

$6\mathrm{.}0963$

$6\mathrm{.}0963$

$38\mathrm{.}64$

$38\mathrm{.}64$

$1$

$1$What was Blundell$$ Biotech's consolidated profits in U$.$S$.$ dollars in $2013$ and$2014?$

Consolidated profits or earnings is found by consolidating the converted profits in each foreign currency to U$.$S$.$ 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 U$.$S$.$ dollars in $2013$ and $2014$ below: $($Round to two decimal$$ places$)$

Net Income

Japanese

$($USD$)$

Subsidiary

$(2013)$

$$

$(2014)$

$$

Change $(\%)$