Question
Blundell Biotech is a U.S. based biotechnology company with operations and earnings in several foreign countries. The companys profits by subsidiary in local currency (in
Blundell Biotech is a U.S. based biotechnology company with operations and earnings in several foreign countries. The companys profits by subsidiary in local currency (in millions) are given in the Table below for 2013 and 2014.
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| Net Income | Japanese Subsidiary | British Subsidiary | European Subsidiary | Chinese Subsidiary | Russian Subsidiary | U.S. Subsidiary |
| 2013 | 1,500 JPY | 100.0 GBP | 204 EUR | 168 CNY | 124 RUB | 360 USD |
| 2014 | 1,460 JPY | 106.4 GBP | 208 EUR | 194 CNY | 116 RUB | 382 USD |
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| Exchange Rate | JPY= 1 USD | USD= 1GBP | USD= 1EUR | CNY = 1USD | RUB = 1USD | USD |
| 2013 | 97.57 | 1.5646 | 1.3286 | 6.1484 | 31.86 | 1 |
| 2014 | 105.88 | 1.6473 | 1.3288 | 6.1612 | 38.62 | 1 |
What were the consolidated profits in USD in 2013 and 2014?
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Mergers, Acquisitions and Other Restructuring Activities
Authors: Donald DePamphilis
8th edition
9780128024539, 128013907, 978-0128013908
