Question
US Parent German Subsidiary Chinese Subsidiary (US$) (euros, ) (yuan, ) Earnings before taxes $4,500,000 4,300,000 25,000,000 Corporate tax rate 21% 40% 30% Exchange Rate
| US Parent | German Subsidiary | Chinese Subsidiary | |
| (US$) | (euros, ) | (yuan, ) | |
| Earnings before taxes | $4,500,000 | 4,300,000 | 25,000,000 |
| Corporate tax rate | 21% | 40% | 30% |
| Exchange Rate (7/20/20) | $1.14/ | 6.89/$ |
After deducting taxes in each country, what are this companys consolidated earnings in US$?
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The Little Book Of Market Myths: How To Profit By Avoiding The Investing Mistakes Everyone Else Makes
Authors: Kenneth L. Fisher
1st Edition
1118445015, 978-1118445013
