Question: please help with excel step-by-step (detailed) much appreciated **IMPORTANT** PLEASE MAKE SURE TO USE EXCEL WITH FORMULAS Suppose one year ago, Hein Company had inventory

please help with excel step-by-step (detailed) much appreciated **IMPORTANT** PLEASE MAKE SURE TO USE EXCEL WITH FORMULAS

Suppose one year ago, Hein Company had inventory in Britain valued at 240,000 pounds. The exchange rate for dollars to pounds was 1 = 1.45 U.S. dollars. This year the exchange rate is 1 = 1.85 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?

PLEASE HELP WITH EXCEL STEP-BY-STEP (IN FULL detail) much appreciated **IMPORTANT** I WANT TO LEARN

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