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Koppelman School of Business Brooklyn College FINC3377 Global Financial Management Department of Finance Professor: H.J. Abraham Lin Translation Using the Current Rate Method:euro depreciates from $1.1800/euro to $0.9000/euro. lust before devaluation Just after devaluation Translated Translated Exchange Rate Accounts (USS/euro) U5 dollars Exchange Rate Accounts Statement(USS/euro) US doillars 118 1.18 0.9 09 09 Accounts receivable Net plant & equipment 1.18 Liabilities & Net Worth Accounts payable Short-term bank debt Long-term debt Common stock Retained earnings CTA account (loss) 720000 118 1.18 1.18 1.276 09 0.9 0.9 1600000 296800 7336000 1.18 Total 5. The balance of the balance sheet "C is a. $12,000,000 b. $153,000,000 $160,000,450 d. $14,160,000 e. $10,800,000 6. The CTA acount loss D is negative a $6,200,000 b. $2,412,800 .$11800 d. $7,316,000 e.$172,800 Using facts in the chapter for Trident Europe, assume as in question Trident Europe (A) that the exchange rate on January 2, 2006, in Exhibit 11.4 dropped in value from $1.2000/C to $0.8800/ rather than to $1.0000/C. Recalculate Trident Europe's translated balance sheet for January 2, 2006 with the new exchange rate using the temporal rate method. Just before devaluation TranulatedJust after devalvation Translated Exchange Rate Accounts (uSS/euro)(US dollars) Exchange Rate Accoumts (uss/euro)(us dollars) 0.88 0.88 Statement Accounts receivable Inventory 6124800 Net plant & equipment Total Liabilities & Net Worth Accounts payable Short-term bank debt Long-term debt Common stock 0.88 0.88 0.88 1.276 960000 1600000 1.2 1276 1.243742 711200 Retained earnings CTA account (loss) Total is a. $12,000,000 b.$153,000,000 7. The balance of the balance sheet "E" d. $14,160,000 e $10,800,000810. c. $13,272,000 8. The CTA account loss F is negative a.$6,200,000 b. $2,412,800 c.$256000 d. $7,316,000 e. $172,800