X Inc and Y Inc.are virtually identical companies with identical cost structures and very similar business practices operating in the same lines of business.X Inc is based in Canada while Y Inc.is based in Japan.The following are the condensed Income Statements for both companies for the past fiscal year.For the sake of simplicity,Y Inc's results have been translated into Canadian Dollars.
Required:
Given the information provided,what are some possible causes for the differing results of these companies?

Question

X Inc and Y Inc.are virtually identical companies with identical cost structures and very similar business practices operating in the same lines of business.X Inc is based in Canada while Y Inc.is based in Japan.The following are the condensed Income Statements for both companies for the past fiscal year.For the sake of simplicity,Y Inc's results have been translated into Canadian Dollars.  
Required:
Given the information provided,what are some possible causes for the differing results of these companies?

Quizplus · Accepted Answer

The Answer of X Inc and Y Inc.are virtually identical companies with identical cost structures and very similar business practices operating in the same lines of business.X Inc is based in Canada while Y Inc.is based in Japan.The following are the condensed Income Statements for both companies for the past fiscal year.For the sake of simplicity,Y Inc's results have been translated into Canadian Dollars.  
Required:
Given the information provided,what are some possible causes for the differing results of these companies?