You have found an attractive stock listed on the Mexican Bolsa (the Mexican Stock Exchange). You decide to invest $25,000. The investment does well, earning 15 percent in one year. During the year, the exchange rate goes from 12.05 pesos per dollar to 11.78 pesos per dollar. What is your dollar-denominated return on this investment

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of