Exhibit 11.5 Ganado Europe's Translation Loss After Depreciation of the Euro: Current Rate Method

HOW TO CALCULATE TRANSLATION ADJUSTMENT (CTA)

Exhibit 11.5 Ganado Europe's Translation Loss After Depreciation of the Euro: Current Rate Method December 31, 2015 January 2, 2016 Assets In Euros () Exchange Rate (US$/euro) Translated Accounts (US$) Exchange Rate (US$/euro) Translated Accounts (US$) Cash 1,600,000 1.2000 $ 1,920,000 1.0000 $ 1,600,000 3,200,000 1.2000 3,840,000 1.0000 3,200,000 Accounts receivable Inventory 2,400,000 1.2000 2,880,000 1.0000 2,400,000 4.800.000 1.2000 5.760.000 1.0000 4.800.000 Net plant and equipment Total 12,000,000 $14,400,000 $12,000,000 Liabilities and Net Worth Accounts payable 800,000 1.2000 $ 960,000 1.0000 $ 800,000 1,600,000 1.2000 1,920,000 1.0000 1,600,000 Short-term bank debt Long-term debt 1,600,000 1.2000 1,920,000 1.0000 1,600,000 Common stock 1,800,000 1.2760 2,296,800 1.2760 2,296,800 Retained earnings 6,200,000 1.2000(a) 7,440,000 1.2000(b) 7,440,000 $__(136.800) $(1,736.800) Translation adjustment (CTA) Total 12,000,000 $14,400,000 $12,000,000 (a) Dollar retained earnings before depreciation are the cumulative sum of additions to retained earnings of all prior years, translated at exchange rates in each year. (b) Translated into dollars at the same rate as before depreciation of the euro