Taft Corporation operates primarily in the United States. However, a few years ago, it opened a plant in Spain to produce merchandise to sell there. This foreign operation has been so successful that during the past 24 months the company started a manufacturing plant in Italy and another in Greece. Financial information for each of these facilities follows:

	Spain				Italy				Greece
Sales	$	218,000			$	642,000			$	492,000
Intersegment transfers		0				102,100				102,000
Operating expenses		214,000				248,000				232,000
Interest expense		31,000				44,000				34,000
Income taxes		82,000				34,000				49,000
Long-lived assets		133,000				192,000				142,000

The companys domestic (U.S.) operations reported the following information for the current year:

Sales to unaffiliated customers	$	4,650,000
Intersegment transfers		502,000
Operating expenses		2,485,000
Interest expense		178,000
Income taxes		894,000
Long-lived assets		2,275,000

Taft has adopted the following criteria for determining the materiality of an individual foreign country:

1. Calculate sales to unaffiliated customers within a country and as a percent of the consolidated sales.

2. Calculate long-lived assets within a country and as a percentage of the long-lived assets.

3. Apply Tafts materiality tests to identify the countries which are 10 percent or more of consolidated sales or consolidated long-lived assets to be reported separately.

• Required A
• Required B
• Required C

Calculate sales to unaffiliated customers within a country and as a percent of the consolidated sales. (Round your percentage answers to 2 decimal places.)

	Revenues	Percentage
United States			%
Spain			%
Italy			%
Greece			%
Total	$

• Required A
• Required B
• Required C

Calculate long-lived assets within a country and as a percentage of the long-lived assets. (Round your percentage answers to 2 decimal places.)

Apply Tafts materiality tests to identify the countries which are 10 percent or more of consolidated sales or consolidated long-lived assets to be reported separately.

Identify the countries which are 10 percent or more of consolidated sales

	Assets	Percentage
United States			%
Spain			%
Italy			%
Greece			%
Total	$0	0.00	%