Volkswagen AG and Daimler AG, both based in Germany, are two of the largest automobile manufacturers in the world. The following information was provided in each company’s 2020 annual report.

Required:
Calculate an index of multinationality based upon the geographical distribution of revenue and noncurrent assets (employee information is not available) to determine which of these two companies is more multinational.

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Euro millions Germany Europe/Other markets North America South America Asia-Pacific Hedges sales revenue Total + Excluding Germany VOLKSWAGEN AG Excerpt from 2020 Annual Report Sales revenue from external customers 42,847 90,652 36,810 8,632 44,288 - 345 222,884 Intangible assets, property, plant and equipment, lease assets, and investment property 105,630 47,680 23,852 2,323 3,611 183,096