(Answered) A year ago borussia dortmund company had inventory in

Finance

A year ago, Borussia Dortmund 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 because of the change in exchange rates?

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