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country? Imnortant financial data for the British subsidiary of Callison Company (U.S.) for the 2009 fiscal year is shown below. British pound sterling (millions) a)
country? Imnortant financial data for the British subsidiary of Callison Company (U.S.) for the 2009 fiscal year is shown below. British pound sterling (millions) a) Net Sales 3,089 b) Gross Profit 2,074 c) Income before Taxes 1,006 d) Net Income 584 Assume the following average exchange rates for the year (U.S. dollars per British pound sterling): 1. $1.69 2. $1.80 3. $1.58 4. $1.46 Using each exchange rate, make a table converting a), b), c), and d) into U.S. dollars. Determine which exchange rate produces the most favorable results in U.S. dollars
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