What is the gain or loss in inventory value in us dollars


A year ago, Borussia Dortmund Company had inventory in Britain valued at 240,000 pounds.  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 because of the change in exchange rates?

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Finance Basics: What is the gain or loss in inventory value in us dollars
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