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Ventaz Corp. purchased assets for its overseas branch for $16,000 The rate of conversion at the time of purchase of asset was $1.31 / Euro.
Ventaz Corp. purchased assets for its overseas branch for $16,000 The rate of conversion at the time of purchase of asset was $1.31 / 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? O A. 20,928 Euros OB. 10,582 Euros O C. 12,232 Euros OD. 11,356 Euros
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