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The following information was available concerning the revenues of Caterpillar, Inc. and the consumer price index for urban goods (CPI-U). 7.1 Calculate the constant dollar

The following information was available concerning the revenues of Caterpillar, Inc. and the consumer price index for urban goods (CPI-U).

7.1 Calculate the constant dollar revenues for 2010 in 2013 dollars.

Year

Revenues

(in thousands)

Average

CPI-U

Constant Dollar Revenues in 2013 Dollars

2010

$42,588

219

2011

$60,138

226

2012

$65,875

230

2013

$55,656

233

$55,656

$45,310.50

$50,678.50

$43,895

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