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Interpreting Foreign Currency Translation Disclosure

Procter & Gamble reports the following table in its $10-$K relating to the change in sales during a recent fiscal year.

Net Sales Change Drivers Volume Foreign Exchange Price Mix Net Sales Growth

Beauty $4\%4\%-10\%18\%$

Grooming $-6\%-6\%-2\%-2\%$

Healthcare $6\%6\%-2\%-10\%$

Fabric & home care $6\%2\%-2\%-6\%$

Baby, feminine & family care $-2\%2\%-2\%--2\%$

Total company $2\%4\%-2\%2\%6\%$

a$.$ Did total company net sales increase or decrease during the year? By what percentage? How much of this change is attributable to volume versus price changes?

Total company sales Answer $1$

by Answer $2$

$\%$ during the fiscal year. While prices Answer $3$

by an average of Answer $4$

$\%,$ volume Answer $5$

by an average of Answer $6$

$\%.$

b$.$ What was the effect of foreign exchange rates on sales during the year? From this result, what can we infer about the relative strength of the $US during the period?

Foreign exchange rate differences during the year caused sales to be Answer $7$

in all segments with an average effect of Answer $8$

$\%$ for the year. The average Answer $9$

impact leads us to conclude that the U$.$S$.$ dollar Answer $10$

during the year vis$--$vis the currencies in which P&G does business.

c$.$ Both the Grooming segment and the Baby, Feminine & Family Care segment reported that sales decreased by $2\%.$ From this result, can we conclude that the dollar decrease in sales was the same for both segments?

Answer $11$

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