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1It was August 1984 in New Jersey and the management of Morris Mini Mainframe Computer Company was looking for the most desirable alternative to finance the working capital needs of its Brazilian affiliate, Morris de Minas Ltda. The total need was for 82,650 million cruzeiros, or US $39,320,000 at the then-prevailing exchange rate of 2,102 cruzeiros per United States dollar. 2 The funds were required to meet competition by providing installment credit for increased sales forecast for the first half of Morris de Minas' fiscal year (Figure 12.13); this was a level of sales that the company felt it could sustain in the future.
Figure 12.13 Morris de Minas Selected Financial Data (Cr$ million)
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