Question
Last year, the Mexican peso/U.S. dollar exchange rate was MXN13.2739/$. Today, the exchange rate is MXN15.3086/$. A U.S. firm has total assets worth MXN13,580,000 located
Last year, the Mexican peso/U.S. dollar exchange rate was MXN13.2739/$. Today, the exchange rate is MXN15.3086/$. A U.S. firm has total assets worth MXN13,580,000 located in Mexico that did not change in value over the year. What was the change in the value of the assets in dollars on the company's U.S. balance sheet?
$0
$119,626.07
$119,626.07
$135,977.21
$135,977.21
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1st Edition
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