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1. The Swiss subsidiary of Joe's Garage has the following balance sheet in Swiss francs: Giuse - ne's Gara- e, Balance Shee on Da of

1. The Swiss subsidiary of Joe's Garage has the following balance sheet in Swiss francs:

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Giuse - ne's Gara- e, Balance Shee on Da of Devaluation in millions Cash AR Inventory Plant & Equipment Total Accounts Payable SIT Bank Loan LIT Debt Common Stock Retained Earnings Translation Adjustment Total Beginning Rate (SFRI$): (before devaluation) Current Rate (SFRI$): (after devaluation) Historical Rate SFRI$

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