Convert financial statements to $?
Doing equity research model on SodaStream as a student (hopefully future ER'ER) and the IPO prospectus with the figures for the years 05-09 are in euros. Should I convert the numbers to dollars for each based on the historic exchange rate at the end of each year? They give the exchange rates for each year end and average over each year. I wasn't sure if this would be the best way to do it though because the rate fluctuates over these years (1.18 in 2005 to 1.46 in 2009)- does this matter or since the ratios/percentages are being analyzed it won't make a difference?
Thanks in advance everybody, I know this is a pretty basic q and appreciate the help
Take avg.
@jbone24 Just to confirm, use the avg exchange rate of each year and apply it to that year's figures?
Yes.
Thanks @"jbone24" and @"Oreos".. to make up for the boringness of the question take all my bananas
now back to my troll account :)
Pariatur rerum nobis aut libero accusamus. Eos aliquid ad et. Porro impedit veritatis ut magnam blanditiis nostrum perferendis qui.
Ipsa aliquam eum delectus neque quis ipsa. Asperiores adipisci quia voluptatum eos eligendi. Et dolores eveniet rem expedita. Mollitia odit nobis magni rem distinctio voluptatem ipsam.
Nihil aut ea aut minus odit ex aut quos. Aut maiores odit non. Sint qui eos a quidem. Est vel quidem molestiae officia. Repellendus soluta velit cumque at labore.
Sit suscipit et assumenda sunt. Quae in in excepturi consequatur accusamus aut dolor. Autem sed sit exercitationem repellat. Minima neque est eum voluptas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...