E5-35 complete parts A, B, and C

Foreign Currency Impact Kellogg included the following note in its fiscal 2015 10-K report (S millions). L04 E5-35. KELLOGG COMPANY $1,257 (100) Comparable net income attributable to Kellog9 . . . Currency neutral comparable net income attributable to Kellogg.. . . $1.357 a. Assume the foreign currency impact related entirely to foreign sales. Determine whether the SUS b. Assume the foreign currency impact related entirely to purchases of goods from foreign vendors. strengthened or weakened vis--vis the currencies in which Kellogg conducts business. Determine wether the SUS strengthened or weakened vis--vis the currencies in which Kellogs conducts business c. As an analyst, how would we treat this foreign currency impact in our anal