Money Measure 6. Corporation 7. Sales of products 8. Sale of common stock 9. Japanese yen 10….
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Money Measure
6. Corporation
7. Sales of products
8. Sale of common stock
9. Japanese yen
10. Purchase of supplies
e3A. ConCept ▶ You have been asked to compare the sales and assets of four com- panies that make computer chips to determine which company is the largest in each category. You have gathered the following data, but they cannot be used for direct com- parison because each company’s sales and assets are in its own currency:
Company (Currency)
Abril Chip (U.S. dollar) Sales
2,000,000 Assets
1,300,000
Dao (Hong Kong dollar)
5,000,000
2,400,000
Aiko (Japanese yen)
350,000,000
250,000,000
Orca (euro)
3,000,000
3,900,000
Assuming that the exchange rates in Exhibit 2 are current and appropriate, convert all the figures to U.S. dollars (multiply amount by exchange rate) and determine which company is the largest in sales and which is the largest in assets.
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