Question

Fissler AG, headquartered in Germany, records all of it sales worldwide in euros. Its USA division...

  1. Fissler AG, headquartered in Germany, records all of it sales worldwide in euros. Its USA division realized sales of €2,500,000 last year when the exchange rate was $1.30/€ and sales of €2,625,000 this year when the exchange rate was $1.32/€. What was the percent change in euro revenues for Fissler for the USA division over the last year?
  1. Refer to Fissler AG, above, what was the percent change in USD revenues for the USA division over the last year?
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