Solution-What is the gain or loss, What is the gain (+) or

What is the gain or loss

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Suppose one year ago, Hein Company had inventory in Britain valued at 240,000 pounds. The exchange rate for dollars to pounds was 1£ = 1.8 U.S. dollars. This year the exchange rate is 1£ = 1.65 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?

Reference no: EM132951723

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What is the gain or loss

Reference no: EM132951723

Reference no: EM132951723

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