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9 of 10 (U complete) Data Table nd income nents rem I sta Ong alcula reciat B1, 2015 lues, rour December 31, 2016 US$ Translation

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9 of 10 (U complete) Data Table nd income nents rem I sta Ong alcula reciat B1, 2015 lues, rour December 31, 2016 US$ Translation of Income Statement December 31, 2015 Euro US$ 33,000.00 29,040.00 3,960.00 er 31, Sales Cost of goods sold Operating profits on De On Dec ber 31 December 31, 2016 US$ Id on De Translation of Balance Sheet December 31, 2015 Assets Euro US$ Cash 72.00 Inventory 513.00 Plant and equipment (net) 315.00 Total 900.00 on Dec n each a Print Done Translation of financial statements 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, 2015, the exchange rate is US$1.25/6. Assume that the local (euro) figures for the statements remain the same on December 31, 2016. Calculate the U.S. dollar-translated figures for the two ending time periods, assuming that between December 31, 2015 and December 31, 2016, the euro has appreciated against the U.S. dollar by 6%. (Hint: When calculating the exchange rate for December 31, 2016 values, round the rate to four decimal places.) The sales on December 31, 2015 are $ . (Round to the nearest cent.) The cost of goods sold on December 31, 2015 is $. (Round to the nearest cent.) The operating profits on December 31, 2015 are $1. (Round to the nearest cont.) The sales on December 31, 2016 is $. (Round to the nearest cent.) The cost of goods sold on December 31, 2016 is $(Round to the nearest cont.) The operating profits on December 31, 2016 are $. (Round to the nearest cent.) Enter your answer in each of the answer boxes. MacBook Air between December 31, 2015 and December 31, 2016, the euro has appreciated against the U.S. dollar by 6%. places.) The operating profits on December 31, 2016 are $ (Round to the nearest cent.) The cash on December 31, 2015 is $ (Round to the nearest cent.) The inventory on December 31, 2015 is $ (Round to the nearest cent.) The net plant and equipment on December 31, 2015 is $ (Round to the nearest cent.) The total assets on December 31, 2015 are $ (Round to the nearest cent.) The debt on December 31, 2015 is $ (Round to the nearest cent.) The paid-in capital on December 31, 2015 is $ (Round to the nearest cent.) The retained earnings on December 31, 2015 is $ (Round to the nearest cent.) The total liabilities and stockholders' equity on December 31, 2015 are S (Round to the nearest cent.) The cash on December 31, 2016 is $ (Round to the nearest cent.) The inventory on December 31, 2016 is S (Round to the nearest cent.) Enter your answer in each of the answer boxes. The total liabilites and SIUCNIUIUDIS Gyully UI DUUUM The cash on December 31, 2016 is $ (Round to the nearest cent.) The inventory on December 31, 2016 is $ (Round to the nearest cent.) The net plant and equipment on December 31, 2016 is $ (Round to the nearest cent.) The total assets on December 31, 2016 is $ (Round to the nearest cent.) The debt on December 31, 2016 is $ (Round to the nearest cent.) The paid-in capital on December 31, 2016 is $ (Round to the nearest cent.) The retained earnings on December 31, 2016 is $. (Round to the nearest cent.) The total liabilities and stockholders' equity on December 31, 2016 are S (Round to the nearest cent.) Enter your answer in each of the answer boxes. MacBook

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