Suppose one year ago hein compain had inventory in britian, Ask an Expert

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Suppose one year ago, Hein Compain had inventory in Britian valued at 240,000 pounds. The exchange rate was 1 pound = 2 US dollars. The inventory in Britain is still valued at 240,000 pounds. What is the gain or loss in inventory value in US dollars as a result of the change in exchange rates?

a. -240,000

b - 43,000

c 0

d 43,200

e 47,473

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