Alcor Pharma just received revenues of $3,165,300 in Australian dollars (A$). Management has the following exchange rates:

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Alcor Pharma just received revenues of $3,165,300 in Australian dollars (A$). Management has the following exchange rates: A$1.8010/£ and $1.5906/£. What is the U.S. dollar value of the company’s revenues?

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Fundamentals of Corporate Finance

ISBN: 978-1119371403

4th edition

Authors: Robert Parrino, David S. Kidwell, Thomas Bates

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