At today's spot exchange rates 1 U.S. dollar can be exchanged for 12 Mexican pesos or for 111.21 Japanese yen. You have pesos that you would like to exchange for yen. What is the cross rate between the yen and the peso; that is, how many yen would you receive for every peso exchanged? Round your answer to two decimal places.

My calculations in excel:

1 us dollar cross rates= Dollar X Yen 12 mexican pesos Peso Dollar 111.21 japenese yen 1 12 X dollar 1 peso = 0.083333333 dollar 1 dollar = 111.21 Dollar X Yen Peso Dollar 9.27 yen per peso