Ventaz Corp. purchased assets for its overseas branch for $15,000 The rate of conversion at the time of purchase of asset was $1.400 / Euro. If the company evaluates a project's ROI based on its initial costs and its operating income and does that in the foreign currency, what value of assets in Euros to be used to calculate the ROI if the rate current conversion rate is $1.511 / Euro and the average rate being $1.410 / Euro?
A) 10,714 Euros
B) 9927 Euros
C) 10,638 Euros
D) 21,000 Euros
Correct Answer:
Verified
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