Answered step by step
Verified Expert Solution
Question
1 Approved Answer
EcoTech is a U.S MNC with operation in a number of countries. Table 1 reports this company's profit in each market in local currency Table
EcoTech is a U.S MNC with operation in a number of countries. |
Table 1 reports this company's profit in each market in local currency |
Table 2 reports the average exchange rate each year. |
QUESTION 1: What is profit in USD for Japanese subsidiary in 2016? QUESTION 2: What is profit in USD for British subsidiary in 2016? QUESTION 3: What is EcoTech's consolidated profit in USD in 2016 QUESTION 4: What is EcoTech's consolidated profit in USD in 2017 QUESTION 5: How many percent does Chinese subsidiary contribute to the total profit in 2016-2017 period?
All answer must be rounded to 4-number after decimal place
Profit in local currency | |||||
Subsidiary | Japanese | British | Canada | Chinese | United States |
Profit | JPY | GBP | CAD | CNY | USD |
2016 | 20,000,000.00 | 1,500,000.00 | 1,000,000.00 | 20,000,000.00 | 1,200,000.00 |
2017 | 30,000,000.00 | 1,000,000.00 | 1,200,000.00 | 22,000,000.00 | 1,000,000.00 |
Exchange Rate | |||||
USD1= | GBP1= | USD1= | USD1= | USD1= | |
2016 | 95.25 | 1.3 | 1.2 | 6.33 | 1 |
2017 | 104.25 | 1.25 | 0.9 | 6.1 | 1 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started