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A German company owns a foreign subsidiary in the U.S. If the results below are reported in Euros, after translation what is the effect of the change in the exchange rate on revenues? Round to the nearest dollar and/or percent.
A. The company shows a 0.1% decline in revenues in 2002. B. The company shows a 12.5% growth in revenues in 2002. C. There is no change is revenue growth between 2001 and 2002. |