Ventaz Corp. purchased assets for its overseas branch for $12,000 The rate of conversion at the...

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Ventaz Corp. purchased assets for its overseas branch for $12,000 The rate of conversion at the time of purchase of asset was $1.40 / Euro. If the company evaluates a project's ROI based on its initial costs and its operating income and does that in the foreign currency, what value of assets in Euros to be used to calculate the ROI if the rate current conversion rate is $1.51 / Euro and the average rate being $1.41 / Euro? Ventaz Corp. purchased assets for its overseas branch for $12,000 The rate of conversion at the time of purchase of asset was $1.40 / Euro. If the company evaluates a project's ROI based on its initial costs and its operating income and does that in the foreign currency, what value of assets in Euros to be used to calculate the ROI if the rate current conversion rate is $1.51 / Euro and the average rate being $1.41 / Euro?

Answer rating: 100% (QA)

To calculate the value of assets in Euros to be used for calculating ROI we ne... View the full answer