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The table indicates the costs and revenues of the operations during a year. The initial figures are based on an FX rate of Won 484/US$.
The table indicates the costs and revenues of the operations during a year. The initial figures are based on an FX rate of Won 484/US$. Please recalculate the profits in US $ subsequent to the devaluation of the Won to on 589/US$.
Pro Forma Income Statement Won (millions) 5,000 (4,000) (1,700) Sales (1,000,000 @ 5,000 won/set). Costs Labor skilled. Raw materials: Imported (duty-free). Local Overhead Interest Profit (before tax) 10% (1,000) (500) (300) (500) 1,000Step by Step Solution
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