Quadros Inc., a Portuguese firm was acquired by a U.S. company on January 1, 2010. Selected account balances are available for the year ended December 31, 2011, and are stated in euro, the local currency. Relevant exchange rates for 1 euro are given below: Assume the functional currency is the U.S. dollar, compute the U.S. income statement amount for sales for 2011.

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Quadros Inc., a Portuguese firm was acquired by a U.S. company on January 1, 2010. Selected account balances are available for the year ended December 31, 2011, and are stated in euro, the local currency.  Relevant exchange rates for 1 euro are given below:  Assume the functional currency is the U.S. dollar, compute the U.S. income statement amount for sales for 2011.

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The Answer of Quadros Inc., a Portuguese firm was acquired by a U.S. company on January 1, 2010. Selected account balances are available for the year ended December 31, 2011, and are stated in euro, the local currency.  Relevant exchange rates for 1 euro are given below:  Assume the functional currency is the U.S. dollar, compute the U.S. income statement amount for sales for 2011.