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Taft Carporetion operates primarily in the United States. However, a fow years ato, it opmned a tant in Spain to produce metehandise. to sell there.

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Taft Carporetion operates primarily in the United States. However, a fow years ato, it opmned a tant in Spain to produce metehandise. to sell there. Thy foreign operotion has been so successful that during the past 24 menths the company started a manistacturiag plant In faly and andiher in Grovce. Financial information for each of these facilities follows: The company's domestic (uS) operatens reported the following wformation for the current year: Taft has adopted the follownd criteris for determining the maseriality of an individual foresgn country: (5 Ssles to unafiliated customers Whinin a country are 10 percent or more of consolidated sales, of ph lang-lived assets within a ceuatry are fo percent or more of consolidated longtived assets. a. Calculate sales to unathilated customers within a country and as a percent of the consolidated sales. b. Calculate long-lived assets within a country and as a percentage of the iongtived assets: c. Apply Taft's materialify tests to identhfy the countres which are 10 percent or more of consolidated sales ar consolidated iong-lived asterts to be reported separatety. Complete this question by entering your arswers in the tabs below. Calculase sales to unatiliated customers within a codntry and as a percent of the consclidated sales. \{Round your percentage i ansivers to 2 ecimal piaces.) Taft Corporation operates pimarily in the United Sthtes. However, a few yoars ago, it opmened a siant in Spain to produce merehandise. to sell thero, Ths foreinn operation has been so successful that during the past 24 months the company startad a manutacturing plant in faty and another in Gresce. Financial information for each of these facilites foliows:. The compony's domestic (US.) operations reported the following unformation for the current year; Taft has adopted the following criteria for determining the materialify of an individual foreigh couniry: (T) 5 ales fo unafiilated customers Whinin a country are 10 percent or more of consolidated saies, or (2) lang-lived assets within a country nee to percent or more of consolidated lenglived assets Taff has atdopted the following criteria for debermining the materialty of an indivioual foreign coumtiy. (T) Soles to unafficted cuatshiers Whinin a courtey are 10 percent or rhore of consolidated sales, or (2) long lived assets within a country are 10 percent or more of: consolidated lorig tived assets. a. Cilculate sales to unatriliated custorters within a country and as a percent of the corcolidated sales. b. Calculate longhived assets within a country and as a percentage of the ionghived assets. c. Apply Tants materialify tests to identify the countries which are 10 percent or more of consolid sted sales of centolidated ionghed assets to be teported separately. Complete this question by entering your answers in the tabs below. Calcuiate sales to unaftilated customess w thin a country and as a percent of the consolisted sales. (ilizond youl percentage answers to 2 decimal places.)

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