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African Concepts, has a one-year eur A/P totaling eur 100,000 and a one-year Togolese A/R totaling cfa 120,000,000. The cfa/eur exchange rate is fixed at

African Concepts, has a one-year eur A/P totaling eur 100,000 and a one-year Togolese A/R totaling cfa 120,000,000. The cfa/eur exchange rate is fixed at 655.957. (a) Can AC offset its eur A/P with its cfa A/R? 3 MARKS (b) If so, how much exposure remains?

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