A US firm 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 $36 to the US subsidiary, and so on). You need to suggest the required cash netting to reduce the conversion costs Receipts Canada France Japan US Canada -- 22 36 Disbursements France -- -- 6 70 Japan 19 14 51 US 6 12 8 --