Suppose stack pool inc had inventory in britain valued at, Financial Management

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Suppose stack pool inc had inventory in britain valued at

Suppose Stack Pool Inc. had inventory in Britain valued at 240,000 pounds one year ago. The exchange rate for dollars to pounds was 1£ = 2 U.S. dollars. This year the exchange rate is 1£ = 1.82 U.S. dollars. The inventory in Britain is still valued at 240,000 pounds. What is the gain or loss in inventory value in U.S. dollars as a result of the change in exchange rates?

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Financial Management: Suppose stack pool inc had inventory in britain valued at

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Financial Management: Suppose stack pool inc had inventory in britain valued at

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