Reference no: EM131222645
You have been asked to compare the sales and assets of four companies 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 comparison because each company’s sales and assets are in its own currency:
Company (Currency) Sales Assets
Abril Chip (US Dollar) 2,000,000 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 is 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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