The exchange rates in New York are: $1 = AUD 1.2338 and $1 = £0.6106 A dealer is offering a quote: AUD 1 = £0.8328. What is the profit you can earn on $7,198 using triangle arbitrage?
ABC Company has annual sales of $557,040. The cost of goods sold are $418,490. The firm has an accounts receivable balance of $22,665 and an accounts payable balance of $19,112. How many days does it take the firm to pay its suppliers? Assume 365 days.