A U.S.-based MNC has a subsidiary in France (local currency, euro, ‚¬). The balance sheet and income statement of the subsidiary follow. On December 31, 2112, the exchange rate is US$1.20/‚¬. Assume that the local (euro) figures for the statements remain the same on December 21, 2113.
Calculate the U.S. dollar-translated figures for the two ending time periods, assuming that between December 31, 2112, and December 31, 2113, the euro has appreciated against the U.S. dollar by6%.

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Translation of Income Statement December 31, 2112 December 31, 2113 USS Euro 30,000.00 29,750.00 USS Sales Cost of goods sold Operating profits 250.00 Translation of Balance Sheet December 31, 2112 December 31, 2113 Assets Euro USS USS Cash 40.00 300.00 160.00 500.00 Plant and equipment (net) Total Liabilities and Stockholders' Equity Debt Paid-in capital Retained earnings 240.00 200.00 60.00 500.00 Total