Data Table Exchange Rate Assets Cash In Euros () (US$/euro) 1,600,000 1.1500 EXHIBIT 11.6 Ganado Europe's Translation Loss After Depreciation of the Euro: Temporal Method December 31, 2015 Translated Accounts (US$) $1,840,000 January 2, 2016 Exchange Rate Translated Accounts (USS) (US$/euro) 0.8400 Accounts receivable Inventory 3,300,000 1.1500 3,795,000 0.8400 2,100,000 1.1690 2,454,900 1.1690 $1,344,000 2,772,000 2,454,900 Net plant and equipment 4,600,000 1.2280 5,648,800 1.2280 5,648,800 Total 11,600,000 $13,738,700 $12,219,700 Liabilities and Net Worth Accounts payable 1,000,000 1.1500 $1,150,000 0.8400 $840,000 Short-term bank debt 1,700,000 1.1500 1,955,000 0.8400 1,428,000 Long-term debt 1,400,000 1.1500 1,610,000 0.8400 1,176,000 Common stock 2,500,000 1.2280 3,070,000 1.2280 3,070,000 Retained earnings Translation gain (loss) Total 5,000,000 11,600,000 1.1935 (a) 5,953,700 1.1935 (b) 5,953,700 (c) ? $13,738,700 $12,219,700 (a) Dollar retained earnings before depreciation are the cumulative sum of additions to retained earnings of all prior years, translated to exchange rates in each year. (b) Translated into dollars at the same rate as before depreciation of the euro. (c) Under the temporal method, the translation loss would be closed into retained earnings through the income statement rather than left as a separate line item as shown here. Click on the icon located on the top-right comer of the data table in order to copy its contents into a spreadsheet.