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Blundell Biotech. Blundes Biotech is a U.S.-based biotechnology company with operations and eamings in a mumber of foreign countries. The company's profits by subsidiary, in

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Blundell Biotech. Blundes Biotech is a U.S.-based biotechnology company with operations and eamings in a mumber of foreign countries. The company's profits by subsidiary, in local currency (in millions) along with the average exchange rate for each year, by currency pairs, are shown in the table for 2013 and 2014 . Use these data to answer the following questions: 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-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 Blundelis growth in eamings between local currency earnings and foreign exchange rate impacts on a consolidated basis? a. What was Blundell Biotech's consolidated profits in U.S. dollars in 2013 and 2014 ? Consolidated profits or eamings 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 intre-company traneactions resulting to eliminate any double-counting of profits.) Calculate the consolidated profits in U.S. dollars in 2.13 and 2014 below. (Round to two decimal places) Data table (Click on the D icon to import the table into a spreadsheet.) Blundell Biotech. Blundes Biotech is a U.S.-based biotechnology company with operations and eamings in a mumber of foreign countries. The company's profits by subsidiary, in local currency (in millions) along with the average exchange rate for each year, by currency pairs, are shown in the table for 2013 and 2014 . Use these data to answer the following questions: 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-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 Blundelis growth in eamings between local currency earnings and foreign exchange rate impacts on a consolidated basis? a. What was Blundell Biotech's consolidated profits in U.S. dollars in 2013 and 2014 ? Consolidated profits or eamings 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 intre-company traneactions resulting to eliminate any double-counting of profits.) Calculate the consolidated profits in U.S. dollars in 2.13 and 2014 below. (Round to two decimal places) Data table (Click on the D icon to import the table into a spreadsheet.)

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