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6) The Ministry of Health has a state-owned subsidiary in the Singapore. The investment utilizes the government's sovereign fund in USD but is converted to

6) The Ministry of Health has a state-owned subsidiary in the Singapore. The investment utilizes the government's sovereign fund in USD but is converted to SGD for the investment. The balance sheet is as follow: Balance Sheet Given that the spot exchange rate is SGD1.38/USD and the weighted average exchange rate for "Inventory" is SGD1.35/USD; and "Net plant and equipment" is SGD130/USD, calculate the net exposure [all assets - (current liabilities + long term debt)] of the Ministry of Health using the temporal method (round off to the nearest dollar)

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