Problem 18-1

A U.S. importer owes vendors the following sums:

1. 140,560 Canadian dollars
2. 373,000 Australian dollars
3. 1,443,000 Mexican pesos
4. 680,540 British (U.K.) pounds
5. 14,602 Euros

State each debt in U.S. dollars. Use the exchange rates from the table below.