Estimate the best- case outcome for this italian firm

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Reference no: EM131983049

An Italian home appliance manufacturer Miele SPA has the following receivables and payables in 30 days: (a) receivables of USD 50,000 and (b) payables of CHF 40,000. USDEUR is expected to trade in the range of 0.90 to 0.95. CHFEUR is expected to trade in the range 1 to 1.10. Estimate the best- case outcome for this Italian firm.

Reference no: EM131983049

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