You have been asked to compare the sales and assets of four companies that make computer chips in LO 3 Money Measure order to determine which company is the largest in each category. You have gathered the following data, but they cannot be used for direct comparison because each company's sales and assets are in its own currency:

Assuming that the exchange rates in Table 1-2 are current and appropriate, convert all the figures to U.S. dollars and determine which company is the largest in sales and which is the largest in assets.

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Company (Currency) Inchip (U.S. dollar) Britchip (British pound) Mitzu (Japanese yen) Works (German mark) Sales 20,000,000 Assets 13,000,000 25,000,000 38,000,000 3,500,000,000 2,500,000,000 35,000,000 39,000,000