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Oscar Inc. has inventory in Japan valued at 39,051,000

/in /by

Oscar Inc. has inventory in Japan valued at 39,051,000 Yen one year
ago. One year ago the exchange rate for dollars to yen was 1 yen = $0.0163. Today the exchange rate is 1 yen = $0.0154. Assuming the value of the inventory does not change, what is the gain or loss in the value of the inventory in U.S. dollars as a result of the change in exchange rates?

 
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