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The U.S. dollar has been depreciating relative to the local currency over the past year. The use of the current rate method to translate a foreign subsidiary's financial statements to U.S. dollars will most likely have which of the following effects on return on equity (ROE) relative to what the ratio would have been without the effects of translation? A. ROE will most likely decline. B. ROE will most likely rise. C. The impact of the depreciation of the US dollar on ROE is indeterminate. |