Question
Procter & Gamble Company reports the following table in its 10-K report relating to the change in sales from 2015 to 2016. Net Sales Change
Procter & Gamble Company reports the following table in its 10-K report relating to the change in sales from 2015 to 2016.
| Net Sales Change Drivers 2016 vs. 2015 | |||||
|---|---|---|---|---|---|
|
Volume | Foreign Exchange |
Price |
Mix | Net Sales Growth | |
| Beauty | (6)% | (7)% | 2% | -- | (11)% |
| Grooming | (2)% | (10)% | 5% | (2)% | (9)% |
| Health care | (2)% | (7)% | 2% | 1% | (6)% |
| Fabric & home care | (1)% | (7)% | -- | -- | (8)% |
| Baby, feminine & family care | (3)% | (7)% | -- | -- | (10)% |
| Total company | (3)% | (7)% | 1% | -- | (9)% |
a. Did total company net sales increase or decrease during the year? By what percentage did net sales increase (or decrease)? Do not use a negative sign with your answer to indicate a decrease. b. What was the effect of foreign exchange rates on sales during the year?
Foreign exchange rates caused sales to
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Beyond Audit Auditing Remotely And Delivering Value
Authors: Robert L. Mainardi
1st Edition
1119789605, 978-1119789604
