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Oscar Inc. has inventory in Japan valued at 39,051,000 Yen one year ago. One year ago...

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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Answer #1

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

Cell reference -

Hope this will help, please do comment if you need any further explanation. Your feedback would be highly appreciated.

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