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X Inc and Y Inc

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Essay

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. 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?
Required:
Given the information provided,what are some possible causes for the differing results of these companies?


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