The inventory in britain is still valued at 240000 pounds, Finance Basics

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The inventory in britain is still valued at 240000 pounds

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 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 gain or loss in inventory value in U.S. dollars as a result of the change in exchange rates? Show your work.

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Finance Basics: The inventory in britain is still valued at 240000 pounds

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Finance Basics: The inventory in britain is still valued at 240000 pounds

Reference No:- TGS0641551

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Recent Questions Asked Finance Basics

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: The inventory in britain is still valued at 240000 pounds

Reference No:- TGS0641551

Recent Questions Asked Finance Basics

Q : If a certain watershed received 1250 mm of rain during a

Q : An unstable particle with a mass equal to 334 multiplied by

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Q : The inventory in britain is still valued at 240000 pounds

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