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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 240,000 pounds and the exchange rate for dollars and pounds was 2.00 US dollars =1.00. One year later, the exchange rate is 0.4587=1.00 US dollar.The inventory in Britain is still valued at 240,000 pounds. What is the US dollar gain or loss in inventory value as a result of the change in exchange rates? Gain of $43,200, Loss of $43,300, Gain of $90,400, Loss of $90,400

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