Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mattel's Global Performance. Mattel (U.S.) achieved significant sales growth in its major international regions between 2001 and 2004 (see B). In its filings with the

image text in transcribedimage text in transcribed

Mattel's Global Performance. Mattel (U.S.) achieved significant sales growth in its major international regions between 2001 and 2004 (see B). In its filings with the United States Security and Exchange Commission (SEC), it reported both the amount of regional sales and the percentage change in those sales resulting from exchange rate changes. a. What was the percentage change in sales, in U.S. dollars, by region? b. What were the percentage change in sales, by region, net of currency change impacts? c. What impact did currency changes have on the level and growth of consolidated sales between 2001 and 2004? a. What was the percentage change in sales, in U.S. dollars, by region? Calculate the percentage change in sales, in U.S. dollars, by region below: (Round to one decimal place.) Percentage Change in Sales 2001-2002 2002-2003 2003-2004 Europe 21.2 % 20.1 % 3.2 % Latin America 1.7 % -2.8 % 12.9 % Canada 4.4 % 14.9 % 7.0 % Asia Pacific 4.6 % 26.7 % 24.1 % United States 0.4 % -5.9 % -0.3 % b. What were the percentage change in sales, by region, net of currency change impacts? Calculate the percentage change in sales, by region, net of currency change impacts below: (Round to one decimal place.) (Click on the icon to import the table into a spreadsheet.) Europe Latin America Canada Asia Pacific Total International United States Sales Adjustments Total Net Sales Mattel's Global Sales 2001 2002 Sales (000) Sales (000) $933,320 $1,131,057 466,479 474,275 153,941 160,643 123,040 128,734 $1,676,780 $1,894,709 3,400,248 3,415,344 (389,648) (431,764) $4,687,380 $4,878,289 2003 Sales (000) $1,358,793 461,002 184,565 163,200 $2,167,560 3,211,966 (427,135) $4,952,391 2004 Sales (000) $1,402,347 520,573 197,535 202,448 $2,322,903 3,201,549 (449,967) $5,074,485 Region Europe Latin America Canada Asia Pacific Impact of Change in Currency Rates 2001-2002 2002-2003 2003-2004 7.1% 14.9% 7.9% -8.8% - 6.2% - 1.8% 0.1% 10.9% 5.1% 2.9% 13.2% 6.2%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sport Finance

Authors: Gil Fried, Timothy D. DeSchriver, Michael Mondello

4th Edition

1492559733, 978-1492559733

More Books

Students also viewed these Finance questions

Question

1. How does Apple create value?

Answered: 1 week ago