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Arrakeen solaris shows assets of 54,000 solaris, debt in the amount of 24,000 solaris and equity of 30,000 solaris. Assume the equity increases by 2,600
Arrakeen solaris shows assets of 54,000 solaris, debt in the amount of 24,000 solaris and equity of 30,000 solaris. Assume the equity increases by 2,600 solaris due to retained earnings.
1) What will the balance sheet look like in Arrakeen solaris?
2) If the exchange rate at the end of the year is 1.61 solaris per dollar, what does the balance sheet look like in dollars ? (Round your answers to 2 decimal places , e.g. 32.16 . )
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