Business, 04.07.2020 14:01 leslievramirez4074

Suppose one year ago, Hein Company had inventory in Britain valued at 240,000 pounds. The exchange rate for dollars to pounds was 1£ = 2.00 U. S. dollars. This year the exchange rate is 1£ = 1.82 U. S. dollars. The inventory in Britain is still valued at 240,000 pounds. What is the U. S. dollar gain or loss in inventory value as a result of the change in exchange rates?

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Suppose one year ago, Hein Company had inventory in Britain valued at 240,000 pounds. The exchange r...

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