Last year, the French marketing subsidiary of International Pharmaceuticals Corporation (IPC), a New Jerseybased drug manufacturer, earned

Question:

Last year, the French marketing subsidiary of International Pharmaceuticals (IPC), a New Jersey–based drug manufacturer, earned 700,000 euros. This year, partly due to a weaker U.S. dollar, the French subsidiary will earn 900,000 euros. Last year, the was 1.2 euros per dollar, and this year, it is 1.0 euros per dollar. Calculate how many U.S. dollars the French subsidiary contributes to IPC’s earnings in each year.

Corporation
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