as xo Question 40 40 p Calculation question (40 points): To earn full credits for the following questions, you need to provide the calculation steps. Correct answer without steps wil only receive partial credits. Luigi Lavazza S.p.A. (as "Lavazza") is Italian manufacture of coffee products with the headquarter in Turin, Italy. The official currency in Italy is Euro (EUR). Lavazza imported five tons of coffee beans from Columbia when the unit price was 14,500,000 Columbia Peso (COP) per ton. Lavazza sold the ground coffee made by these five tons of imported coffee beans in Canada. Lavazza earned 41.000 Canadian Dollars (CAD). The spot exchange rates among Columbia Peso (COP), US Dollar (USD). Euro (EUR), and Canadian Dollar (CAD) at the transaction were: USD/COP-3,600; EUR/USD 1.20: and CAD/USD=0.8. Round up your answers to two decimal places. 1) What is the exchange rate between EURO (EUR) and Columbia Peso (COP)? In other words, EUR/COP=? 1) What is the exchange rate between the Canadian Dollar (CAD) and EURO (EUR)? In other words, CAD/EUR=? 3) How much EURO (EUR) did Lavazza spend on the five-ton imported coffee beans from Columbia? 4) How much EURO EUR) did Lavazza earn from the Canadian market? 5) What was Lavazza's gross profit (in EUR) after accounting for other operating costs? Edit Format_Table zot Paragraph B TU A DEL F2 F3 F4 F5 F6 F7 F8 F9 F10