Arema is an apparel exporter and derives all its revenue from exports to the United States. The

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Question:

Arema is an apparel exporter and derives all its revenue from exports to the United States. The company had sales of Rs. 1,240 crores in 2016. The company expects to experience an organic growth of 12% in 2017. Your internal analysis suggests the rupee may appreciate (i.e. increase in value) by 2% on Average against the Us dollar. Build a revenue model of arema fashion and forecast the 2017 revenue for the company.