Question
Mattel's Global Performance. Mattel (U.S.) achieved significant sales growth in its major international regions between 2001 and 2004 In its filings with the United States
Mattel's Global Performance. Mattel (U.S.) achieved significant sales growth in its major international regions between 2001 and 2004
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?
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Part 1
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 Europe %Latin America %Canada %Asia Pacific %United States %
Mattel's Global Sales 2001 2002 2003 2004 Sales (000) Sales (000) Sales (000) Sales (000) Europe $932,312 $1,130,576 $1,346,498 $1,412,784 Latin America 470,783 464,829 464,375 533,344 Canada 162,310 158,089 194,109 194,311 Asia Pacific 129,105 136,943 163,241 206,488 Total International $1,694,510 $1,890,437 $2,168,223 $2,346,927 United States 3,402,033 3,430,677 3,205,129 3,206,207 Sales Adjustments (379,374) (425,767) (416,900) (447,126) Total Net Sales $4,717,169 $4,895,347 $4,956,452 $5,106,008 Impact of Change in Currency Rates Region 2001-2002 2002-2003 2003-2004 Europe 7.1% 15.1% 8.1% Latin America -8.9% -5.9% -2.1% Canada 0.1% 11.2% 5.2% Asia Pacific 2.9% 13.1% 6.1%
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