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Atreides International has operations in Arrakis. Th balance sheet for this division in Arrakeen solaris shows assets of 39,000 solaris, debt in the amount of
Atreides International has operations in Arrakis. Th balance sheet for this division in Arrakeen solaris shows assets of 39,000 solaris, debt in the amount of 13,000 solaris, and equity of 26,000 solaris.
A) If the current exchange ratio is 1.20 solaris per dollar, hat does the balance sheet look like in dollars?
Balance Sheet | |||
Assets | Debt | ||
Equity | |||
Total Assets | Total liabilities and equity |
B)Assume that one year from now the balance sheet in solaris in exactly the same as at the beginning of the year. If the exchange rate is 1.30 solaris per dollar, what does the balance sheet look like in dollar now?
Balance Sheet | |||
Asset | Debt | ||
Equity | |||
Total Assets | Total liabilities and equity |
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