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

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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?

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?

(a)
	Japanese Subsidiary	British Subsidiary	European Subsidiary	Chinese Subsidiary	Russian Subsidiary	United States Subsidiary
Net Income	JPY	GBP	EUR	CNY	RUB	USD
2013	1497	90.36	212.65	176.63	118.27	368.54
2014	1463	107.23	216.62	203.45	113.13	384.03
(b)
Exchange Rate	JPY = 1 USD	USD = 1 GBP	USD = 1 EUR	CNY = 1 USD	RUB = 1 USD	USD
2013	97.54	1.4751	1.299	6.163	31.87	1
2014	105.84	1.6979	1.3878	6.2459	38.52	1