B IS CORRECT. WHILE SALES WERE FLAT AT INR 10,00,000 IN LOCAL CURRE...

3. - CFA 2018 LEVEL 2 FRA QUESTION BANK MULTINATIONAL OPERATIONS QBANK
CFA 2018 LEVEL 2 FRA QUESTION BANK MULTINATIONAL OPERATIONS QBANK
3. B is correct. While sales were flat at INR 10,00,000 in local currency terms, after translation the parent firm would report sales of USD 153,846.15 for 2015 (= USD 10,000,000 / 65) versus sales of USD 166,666.66 for 2014 (= USD 10,000,000 / 60). This represents a decline of 7.69%.