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What value of assets in euros to be used

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Question - Ventaz Corp. purchased assets for its overseas branch for $16,000 The rate of conversion at the time of purchase of asset was $1.31 ?/ Euro. If the company evaluates a? project's ROI based on its initial costs and its operating income and does that in the foreign? currency, what value of assets in Euros to be used to calculate the ROI if the rate current conversion rate is $1.51 ?/ Euro and the average rate being $1.41 ?/ Euro?

A. 11,348 Euros

B. 20,928 Euros

C. 12,232 Euros

D. 10,582 Euros

Reference no: EM133015671

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