The $2016$ annual report of Leahy Enterprises included the following disclosure:

During fiscal $2016,$ the U$.$S$.$ dollar strengthened relative to the other principal currencies in which we transact business with the exception of the Indian rupee.

What effect did these currency fluctuations have on Leahy Enterprises$2016$ consolidated income statement?

A$)$ Net profit of the Indian subsidiary will be higher

B$)$ Net profit of the Indian subsidiary will be lower

C$)$ Net assets of the subsidiaries that report in the other principal currencies will be higher

D$)$ Net assets of the subsidiaries that report in the other principal currencies will be lower

E$)$ Both A and D

Not sure which of these two is correct.