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Betancourt International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 27,000 solaris, debt in the amount of
Betancourt International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 27,000 solaris, debt in the amount of 9,500 solaris, and equity of 17,500 solaris. Assume the equity increases by 1,800 solaris due to retained earnings. |
Required: |
If the exchange rate at the end of the year is 1.31 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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