Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Crane Pharma just received revenues of $3,165,200 in Australian dollars (A$). Management has the following exchange rates: A$2.69000/ and $1.5906/. What is the U.S. dollar

Crane Pharma just received revenues of $3,165,200 in Australian dollars (A$). Management has the following exchange rates: A$2.69000/ and $1.5906/. What is the U.S. dollar value of the companys revenues? (Round intermediate calculation to 4 decimal places, e.g. 15.2578 and final answer to the nearest whole dollar, e.g. 5,275.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Finance With Excel

Authors: Simon Benninga

2nd Edition

0199755477, 9780199755479

More Books

Students also viewed these Finance questions