Merchandise inventory is valued on the balance sheet at the expected resale price

If one U.S. dollar equaled one euro last year, and then the exchange rate shifted so that today one dollar equals two euros, which of the following will most likely occur?

A) Europeans will purchase more U.S. products. B) Americans will have a lower standard of living. C) Americans will cancel vacations to Europe. D) Europeans will purchase fewer U.S. products.

A standard interpretation of the P/E ratio is that firms with high P/E ratios need to have high growth rates to justify the current price

Indicate whether the statement is true or false.