Multinational Financial Management Problem Set 13 Refer to you Lecture 1 notes and the War Eagle Products/ El Tigre example. What would happen to consolidated results if the peso goes to MxP 16/US$ (weakening peso)? To MxP 10/US$ (stronger peso)? El Tigre (in U.S. $) Consolidated (in U.S. $) Sales - Cost of Goods Sold = Gross Profit - Operating expenses = Earnings before interest and taxes War Eagle El Tigre Products $1,000,000 MxP 5,200,000 650,000 3,900,000 350,000 1,300,000 100,000 650,000 $250,000 MxP650,000 Did the reported consolidated results improve or decline with a WEAKER dollar (i.e., stronger peso)? Yes or No