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Suppose one year ago, the Heinz Company had inventory in Britain valued at 2 4 0 , 0 0 0 pounds and the exchange rate
Suppose one year ago, the Heinz Company had inventory in Britain valued at pounds and the exchange rate for dollars and pounds was US dollars One year later, the exchange rate is US dollar.The inventory in Britain is still valued at pounds. What is the US dollar gain or loss in inventory value as a result of the change in exchange rates? Gain of $ Loss of $ Gain of $ Loss of $
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