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Betancourt International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 28,000 solaris, debt in the amount of
Betancourt International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 28,000 solaris, debt in the amount of 10,000 solaris, and equity of 18,000 solaris. Assume the equity increases by 1,900 solaris due to retained earnings. |
Required: |
If the exchange rate at the end of the year is 1.32 solaris per dollar, what does the balance sheet look like?(Enter your answer as directed, but do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) |
Balance Sheet (dollars) | |||
Assets | Liabilities | ||
Debt | $ | ||
Equity | |||
Assets | $ | Total debt & equity | $ |
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