1. Given the following data for Amazon: Current liabilities = 57,883; Cash = 20,522; Marketable securities = 10,464; Account receivables = 13,164; Inventory = 16,047; calculate its cash ratio:
0.76
1.04
0.35
0.54
2. The spot rate = 1.269 AUD/US$; the one year forward rate = 1.293 AUD/US$. A US exporter denominates its exports to Australia in AUD and expects to receive AUD 100,000 in one year. What will the value of these exports in one year in US$ given that the firm executes a forward hedge? (Ignore transaction costs)
a. US$126,900.00
b. US$78,802.21
c. US$77,339.52
d. US$129,300.00