Cast Study: 4 Reliance Industries Limited is an Indian Multinational Conglomerate Company Headquartered in Mumbai, India with different branches all over the world. The Chief Executive Officer (CEO) of the company is very interested to know the impact of COVID 19 during the Financial Year ending 31 March 2020 in certain branches located in United States Branch 1: London Branch - 2) and Japan Branch - 3). The detail Foreign Exchange rates to translate the Balance Sheet is given below for your reference Method Branch - 1 Branch - 2 Brunch - 3 Current Exchange Rate USD 76.6516INR GBP 0.01051/INR JPY 0.713VINR Average Exchange Rate USD 76.544/INR GBP 0.02VINR INR 14351.JPY Historical Exchange Rate USD 75.8276INR INR 32671/GBP IND 1.408S/JPY The Balance Sheets of parent company and its affiliate are given as en 31 December 2019, Reliance Branch. 1 Branch - 2 Branch.3 INR USD GBP JPY Cash 1.345.000 38,000 1,158.200 Unexpired Expenses 20.000 31200 15.570 Notes Receivable 100 21.000 15.000 15.500 Inventories 77.000 $250 225.000 344,000 Building 1.510.000 200 412.000 665.000 Furniture and Printing 670.000 R550 $2,000 134,100 Pulent 1.000 22,350 Trademark 12,000 13.500 Goodwill 673.00 12200 8.500 34.250 Total 09.500 1,9322550 76.5,700 2,702.470 Liabilities & Equity Reliance Branch - 1 Branch - 2 Branch - 3 INR USD GBP JPY Accounts Payable 567.000 350,000 223.000 1.223,000 Postage Outstanding 36.000 11.500 11.500 Long Term Bonds 1.212.000 198.450 164,000 564,000 10 Year Loan from Banks 154.500 250,040 - Short Term Debts 715.000 484. DO 120,050 120,050 Common Equity 1.291.000 247.150 783.920 Total 4.369.500 1,9322550 765.700 2,702.470 . - Requirement: -) You are required to use CurrentNon-Current Method to translate the affiliates Balance Sheet Into reporting currency. 16 - Marks) b) Consolidate the Balance Sheet in the books of Reliance Industries Limited for the year ending 31" March 2020 2-Marks Calculate Net Exposed Assets by using Current Non-Current Method? 2. Marks