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Betancourt International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 30,000 solaris, debt in the amount of
Betancourt International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 30,000 solaris, debt in the amount of 9,000 solaris, and equity of 21,000 solaris. Assume the equity increases by 1,500 solaris due to retained earnings. (Enter your answer as directed, but do not round intermediate calculations.) |
Required: |
If the exchange rate at the end of the year is 1.24 solaris per dollar, what does the balance sheet look like?(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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