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(3) Turki Co. makes purchases from different parts of the world and sells them through its subsidiaries. The following is the inter-subsidiary payments matrix (i.e.

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(3) Turki Co. makes purchases from different parts of the world and sells them through its subsidiaries. The following is the inter-subsidiary payments matrix (i.e. Canadian subsidiary owes $40 to the US subsidiary, and so on) Fl (a (b As an elite MSF candidate, suggest the required cash netting in order to reduce the conversion costs (hint: assume a netting center) Disbursements Receipts Canada France Japan US Canada 17 France 22 8 (c Japan 25 40 9 75 US

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