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asaini1254 asaini1254
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7 months ago
Suppose 1 year ago Hein Company had inventory in Britain valued at 240,000 pounds. The exchange rate for dollars to pounds was £1 = 2 Canadian dollars. This year, the exchange rate is £1 = 1.82 Canadian dollars. The inventory in Britain is still valued at 240,000 pounds. What is the gain or loss in inventory value in Canadian dollars as a result of the change in exchange rates?


▸

–$240,000



▸

–$43,200



▸

$0



▸

$43,200

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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dreamnluvdreamnluv
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7 months ago
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asaini1254 Author
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7 months ago
Correct Slight Smile TY
Harvinder
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Yesterday
this is exactly what I needed
alpheratz
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2 hours ago
Thank you, thank you, thank you!
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