Explain why the translation adjustments in No$.1$ and No$.2$ above are positive or negative. Your response should include the relationship between net asset$/$liability exposures and movements in FX rates during the period.

Calculate and present the following ratios for Impala at December $31,$ Year $2$ using $($a$)$ the RMdenominated financial statements, $($b$)$ the U$.$S$.-$dollar financial statements in No$.1$ above, and $($c$)$ the U$.$S$.-$dollar financial statements in No$.2$ above:

Current Rati$$

Total Liabilities to Total Equity

Profit Margin $($Net Income$/$Sales$)$

What relationships are apparent in these calculations? In other words, which method $($Current or Temporal$)$ provides results that are more consistent with ratios calculated using the foreign currency? Explain.

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