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quotations stated in Suppose an American investor is given the current exchange rates in the following table. The listed quotations are direct American terms. direct

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quotations stated in Suppose an American investor is given the current exchange rates in the following table. The listed quotations are direct American terms. direct Indirect British pound (E) Exchange Rate $1.9760 / pound $1.3210 / euro $0.9240 / Australian dollar Euro () Australian dollar (AUS) Given these rates, an Australian dollar can purchase British pounds Green Caterpillar Garden Supplies Inc. is a u.s.based firm that produces stereos in Germany at a cost of 110 (including production and transportation costs) and sells them in England for E 102. Based on the exchange rate table given in the preceding question, what is Green terpillar Garden Supplies Inc. dollar profit for each unit sold? 364.68 553.42 $59.05 356.24

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