Cairo Ingot, Ltd. Cairo Ingot. Ltd. is the Egyptian subsidiary of Trans-Mediterranean Aluminum, a British multinational that fashions automobile engine blocks from aluminum. Trans-Mediterranean's home reporting currency is the British pound. Cairo Ingot's December 31 balance sheet is shown in the popup window At the date of this balance sheet the exchange rate between Egyptian pounds and British pounds sterling was E6.00/. What is Cairo Ingot's contribution to the translation exposure of Trans-Mediterranean on December 31, using the current rate method? Calculate the translation exposure loss to Trans-Mediterranean if the exchange rate at the end of the following quarter is E6.40/. Cairo Ingot's translated balance sheet using the current rate method is shown in the popup window, Assume all balance sheet accounts are the same at the end of the quarter as they were at the beginning Using the current rate method, what is Cairo Ingot's contribution to the translation exposure of its parent? E (Round to the nearest Egyptian pound.) What is Cairo Ingot's contribution to its parent's translation loss if the exchange rate on March 31st is E6.40/? (Round to the nearest British pound.) - X Data Table Data Table -X Cairo Ingot's Translation Gain (Loss) After Depreciation of the Egyptian pound: Current Rate Method December 31 March 31 Assets Liabilities and Net Worth Cash E15.000.000 Accounts payable E24,900,000 Accounts receivable 34,500,000 Long-term debt 49.500.000 Inventory 50,000,000 Invested capital 92,600,000 Net plant & equipment 67,500,000 E 167,000,000 E 167,000,000 Click on the icon located on the top-right corner of the data table in order to copy its contents into a spreadsheet Print Done In Egyptian Exchange Translated Exchange Translated Assets pounds (CE) Rate (E/) Accounts () Rate (E/) Accounts () Cash E15,000,000 6.00 2,500,000 6.40 2,343,750 Accounts receivable 34,500,000 6.00 5,750,000 6.40 5,390.625 Inventory 50,000,000 6.00 8,333,333 6.40 7,812.500 Net plant and equipment 67,500,000 6.00 11,250.000 6.40 10,546,875 Total E 167,000,000 27,833.333 26,093,750 Liabilities and Net Worth Accounts payable E24.900.000 6.00 4,150,000 6.40 3,890,625 Long-term debt 49,500,000 6.00 8,250,000 6.40 7,734,375 Invested capital 92,600,000 6.00 15,433,333 6.00 15,433,333 Translation adjustment (CTA) ? 0 (964.583) Total E 167,000,000 27,833,333 26,093,750 Click on the icon located on the top-right corner of the data table in order to copy its contents into a spreadsheet. Print Done