Question
Hitachi has accounts receivable of USD16 million, accounts payable of USD23 million and outstanding USD-denominated debt of USD420,000 due in 10 days' time. The current
Hitachi has accounts receivable of USD16 million, accounts payable of USD23 million and outstanding USD-denominated debt of USD420,000 due in 10 days' time. The current spot rate is JPY114/USD. What is Hitachi's operating exposure in JPY terms?
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Step: 1
To calculate Hitachis operating exposure in JPY terms we need to first convert all the relevant figures into JPY using the current spot rate of JPY114...
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
