Alcor Pharma just received revenues of $3,165,300 in Australian dollars (A$). Management has the following exchange rates:

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Alcor Pharma just received revenues of $3,165,300 in Australian dollars (A$). Management has the following exchange rates: A$1.5490/£ and $1.5906/£. What is the U.S. dollar value of the company’s revenues?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Question Posted: Jun 12, 2012 01:46 AM

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Alcor Pharma just received revenues of $3,165,300 in Australian dollars (A$). Management has the following exchange rates:

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Revenues received by Alcor Pharma A3165300 ...View the full answer

Fundamentals of corporate finance

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