What is the spot exchange rate between the euro and dollar
Problem
A computer costs $660 in the United States. The same model costs €610 in France. If purchasing power parity holds, what is the spot exchange rate between the euro and the dollar? Do not round intermediate calculations.
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Williams & Sons last year reported sales of $24 million, cost of goods sold of $20 million and an inventory turnover ratio of 4. How much cash will be freed up?
If purchasing power parity holds, what is the spot exchange rate between the euro and the dollar? Do not round intermediate calculations.
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