Assume the U.S. dollar has been steadily strengthening against the euro, and operating profit excludes remeasurement gains and losses. Which statement is most likely to be true concerning translation and remeasurement of the accounts of a U.S. parent's subsidiary in Portugal?

Select one:

A. Remeasured operating profit as a percent of assets will be the same as local currency operating profit as a percent of assets.

B. Translated total assets will be higher than remeasured total assets.

C. Remeasured operating profit as a percent of assets will be higher than translated operating profit as a percent of assets.

D. Remeasured operating expenses will be higher than translated operating expenses.