Question
Hebert International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 54,000 solaris, debt in the amount of
Hebert International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 54,000 solaris, debt in the amount of 25,000 solaris, and equity of 29,000 solaris. Assume the equity increases by 2,700 solaris due to retained earnings. |
What will the balance sheet look like in Arrakeen solaris? (Do not round intermediate calculations and round your final answers to 2 decimal places (e.g., 32.16).) |
Balance sheet in solaris | |||
Assets 56700 | Debt 25000 | ||
Equity 31700 | |||
Total assets 56700 | Total liabilities and equity 56700 | ||
If the exchange rate at the end of the year is 1.62 solaris per dollar, what does the balance sheet look like in U.S. dollars? (Do not round intermediate calculations and round your final answers to 2 decimal places (e.g., 32.16).) |
Balance sheet in U.S. dollars | |||
Assets | $ | Debt | $ |
Equity 19567.90 | |||
Total assets | $ | Total liabilities and equity | $ |
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