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QUESTION 15 Suppose 1 year ago, Miller Company had inventory in Britain valued at 15 million Swiss francs. The exchange rate for dollars to Swiss

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QUESTION 15 Suppose 1 year ago, Miller Company had inventory in Britain valued at 15 million Swiss francs. The exchange rate for dollars to Swiss francs was 1 franc - 1.15 dollars. Today, the exchange rate is 1 Swiss franc 1,09 US dollars. The inventory in Switzerland is still valued at 15 million francs. What is the US dollar gain or loss in inventory value as a result of the change in exchange rates

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