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You are given the following quotes: dollar/Mexican Peso = 0.0698 U. dollar/Singapore Dollar = 0.6991 U.S dollar/Chinese Yuan = 0.
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1.You are given the following quotes:
U.S. dollar/Mexican Peso = 0.0698
U.S. dollar/Singapore Dollar = 0.6991
U.S dollar/Chinese Yuan = 0.1504
What is the Mexican Peso/Singapore Dollar cross rate?
2.ABC Company currently has a cash cycle of 159 days. The firm is considering making some changes as follows: (i) decrease the inventory period by 41 days, (ii) increase the accounts receivable period by 57 days on average, and (iii) increase the accounts payable period will be decreased by 52 days. Calculate the number of days in the new cash cycle after the above changes become effective? That is, what is the new cash cycle?
