Can someone show me the steps on how to solve for Avg exchange rate for the period?
Americo's Earnings and the Fall of the Dollar. Americo is a U.S.-based multinational manufacturing firm with wholly-owned subsidiaries in Brazil, Germany, and China, in addition to domestic operations in the United States. Americo is traded on the NASDAQ. Americo currently has 656,000 shares outstanding. The basic operating characteristics of the various business units are as follows: (Click on the icon to import the table into a spreadsheet.) Brazilian German Chinese U.S. Parent Subsidiary Subsidiary Subsidiary Business Performance (000s) (US$) (RS) () Earnings before taxes (EBT) $4.590 R$6,300 4,410 2,580 Corporate income tax rate 21% 25% 40% 30% Average exchange rate for the period R$1.8951/$ 0.6487/ 7.8403/$ Americo must pay corporate income tax in each country in which it currently has operations. a. After deducting taxes in each country, what are Americo's consolidated earnings and consolidated earnings per share in U.S. dollars? The dollar has experienced significant swings in value against most of the world's currencies in recent years. h What would be the impact on America's consolidated EPS if all forsian currencies were to androciata 12% scainst the US dollar a. After deducting taxes each country, what are Americo's consolidated earnings and consolidated earnings per share in U.S. dollars? Calculate the business performance per country below: (Round to two decimal places. Round exchange rates to four decimal places.) U.S. Parent Brazilian German Chinese Business Performance (000s) Company Subsidiary Subsidiary Subsidiary 4,590.00 R$ 6,300.00 Earnings before taxes (local currency) 4,410.00 2,580.00 $ (963.90) R$ Less corporate income taxes (1,575.00 (1,764.00) (774.00) $ Net profits of individual subsidiary 3,626.10 R$ 4,725.00 2,646.00 1,806.00 1.8951 0.6487 7.8403 Avg exchange rate for the period (fc/$) Net profits of individual subsidiary $ 3,626.10 $ 2,493.27 $ 4,078.93 $ 230.35 The consolidated earnings per share is $ 15.89. (Round to the nearest cent.) b. What would be the impact on Americo's consolidated EPS if all foreign currencies were to appreciate 18% against the U.S. dollar? Calculate the business performance per country below: (Round to two decimal places. Round exchange rates to four decimal places.) U.S. Parent Brazilian Business Performance (000s) Company Subsidiary Earnings before taxes (local currency) $ 4.590.00 R$ Less corporate income taxes $ (963.90) R$ Net profits of individual subsidiary $ 3.626.10 R$ b. What would be the impact on Americo's consolidated EPS if all foreign currencies were to appreciate 18% against the U.S. dollar? Calculate the business performance per country below: (Round to two decimal places. Round exchange rates to four decimal places.) U.S. Parent Brazilian Business Performance (000s) Company Subsidiary Earnings before taxes (local currency) $ 4,590.00 R$ Less corporate income taxes $ (963.90) R$ Net profits of individual subsidiary $ 3,626.10 R$ Avg exchange rate for the period (fc/$) Net profits of individual subsidiary $ 3,626.10 $ Americo's Earnings and the Fall of the Dollar. Americo is a U.S.-based multinational manufacturing firm with wholly-owned subsidiaries in Brazil, Germany, and China, in addition to domestic operations in the United States. Americo is traded on the NASDAQ. Americo currently has 656,000 shares outstanding. The basic operating characteristics of the various business units are as follows: (Click on the icon to import the table into a spreadsheet.) Brazilian German Chinese U.S. Parent Subsidiary Subsidiary Subsidiary Business Performance (000s) (US$) (RS) () Earnings before taxes (EBT) $4.590 R$6,300 4,410 2,580 Corporate income tax rate 21% 25% 40% 30% Average exchange rate for the period R$1.8951/$ 0.6487/ 7.8403/$ Americo must pay corporate income tax in each country in which it currently has operations. a. After deducting taxes in each country, what are Americo's consolidated earnings and consolidated earnings per share in U.S. dollars? The dollar has experienced significant swings in value against most of the world's currencies in recent years. h What would be the impact on America's consolidated EPS if all forsian currencies were to androciata 12% scainst the US dollar a. After deducting taxes each country, what are Americo's consolidated earnings and consolidated earnings per share in U.S. dollars? Calculate the business performance per country below: (Round to two decimal places. Round exchange rates to four decimal places.) U.S. Parent Brazilian German Chinese Business Performance (000s) Company Subsidiary Subsidiary Subsidiary 4,590.00 R$ 6,300.00 Earnings before taxes (local currency) 4,410.00 2,580.00 $ (963.90) R$ Less corporate income taxes (1,575.00 (1,764.00) (774.00) $ Net profits of individual subsidiary 3,626.10 R$ 4,725.00 2,646.00 1,806.00 1.8951 0.6487 7.8403 Avg exchange rate for the period (fc/$) Net profits of individual subsidiary $ 3,626.10 $ 2,493.27 $ 4,078.93 $ 230.35 The consolidated earnings per share is $ 15.89. (Round to the nearest cent.) b. What would be the impact on Americo's consolidated EPS if all foreign currencies were to appreciate 18% against the U.S. dollar? Calculate the business performance per country below: (Round to two decimal places. Round exchange rates to four decimal places.) U.S. Parent Brazilian Business Performance (000s) Company Subsidiary Earnings before taxes (local currency) $ 4.590.00 R$ Less corporate income taxes $ (963.90) R$ Net profits of individual subsidiary $ 3.626.10 R$ b. What would be the impact on Americo's consolidated EPS if all foreign currencies were to appreciate 18% against the U.S. dollar? Calculate the business performance per country below: (Round to two decimal places. Round exchange rates to four decimal places.) U.S. Parent Brazilian Business Performance (000s) Company Subsidiary Earnings before taxes (local currency) $ 4,590.00 R$ Less corporate income taxes $ (963.90) R$ Net profits of individual subsidiary $ 3,626.10 R$ Avg exchange rate for the period (fc/$) Net profits of individual subsidiary $ 3,626.10 $
