Convert receipts for each to real dollars for year 2010

Reference no: EM13388397

The receipts and year of release of the five movies with the largest nominal box office revenues, along with the CPI data of each year are presented below. Assuming that the receipts for each of the movies were derived during their year of release, convert the receipts for each to real dollars for the year 2010 (2010 CPI 218.1).Put the movies in order from largest to smallest real box office receipts and show your calculations for full credit.

Movies	Nominal Box Office Receipts (millions)	Year Released	CPI in Year Released.
Avatar	$760.50	2009	214.5
Titanic	600.8	1997	160.5
Star Wars	461	1977	60.5
Shrek 2	437.2	2004	188.9
E.T. The Extra-Terrestrial	399.9	1982	96.5

Reference no: EM13388397

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