Morbane's subsidiary generated 5,400,000 units of operating cash flows in local currency (LC) evenly over the year. Weighted average rate: 0.15 EUR per 1 LC; closing rate: 0.14 EUR (case data). Compute the translated operating flow and the difference wrongly using the closing rate would have caused.
- Operating flows in LC
- 5,400,000
- Weighted average rate
- 0.15
- Closing rate
- 0.14