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If the C$ Strengthens by 2% Relative to the US

question 185

Multiple Choice

If the C$ strengthens by 2% relative to the US$ (US$1.00 = C$1.0339) , what will be the new value for the US$ per C$1.00?

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Definitions:

Total Assets

The sum of all current and non-current assets owned by a company, indicating its overall value.

Sales/Total Assets

A financial ratio that measures how efficiently a company is using its assets to generate sales.

Pretax Profit

Earnings before tax, indicating the profitability of a business before accounting for tax obligations.

Net Profit

The amount of money earned by a company after all expenses and taxes have been subtracted from total revenue.

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