how are the calculations done for the new balance sheets ?

17 3. Halon Norway, the Norwegian subsidiary of a U.S. company, Halon, Inc., has the following balance sheet: Assets (NKr thousands) Liabilities (NKr thousands) Cash, marketable securities 7,000 Accounts payable 14,000 Accounts receivable 18,000 Short-term debt 8,000 Inventory 31,000 Long-term debt 45,000 Net fixed assets 63,000 Equity 52,000 NKr119,000 NK=119,000 a. At the current spot rate of $0.21/NKr, calculate Halon Norway's accounting exposure under the currentoncurrent, monetaryonmonetary, temporal, and current rate methods. ANSWER. Under the currentoncurrent method, Halon Norway's accounting exposure is NK:34 million (7+18+31 - 14 - 8, in millions), or $7.14 million (0.21 x 34 million). Its monetaryonmonetary method accounting exposure is - NKr42 million (7 + 18 - 14 - 8-45, in millions), or -88.82 million (0.21 x-42 million). Halon Norway's temporal method exposure is the same as its current noncurront monetaryormonetary method exposure. Under the current rate method, Halon Norway's exposure is its equity of NKr52 million, or $10.92 million (0.21 x 52 million). The calculations assume that all assets and liabilities are denominated in NKr. b. Suppose the Norwegian krone depreciates to $0.17. Produce balance sheets for Halon Norway at the new exchange rate under each of the four alternative translation methods. hich in State Focus ANSWER. Current noncurrent rate and temporal methods: Assets (S thousands) Liabilities (s thousands) Cash, marketable securities* 1,190 Accounts payable Accounts receivable* 3,060 Short-term debt* Inventory* 5,270 Long-term debt Net fixed assets 13,230 Equity $22,750 *Exposed 2,380 1,360 9,450 9,560 $22,750 2,380 1,360 7,650 12,600 $23,990 Monetaryonmonetary method and temporal method Assets (S thousands) Liabilities (S thousands) Cash, marketable securities 1,190 Accounts payable* Accounts receivablet 3,060 Short-term debt* Inventory 6,510 Long-term debt* Net fixed assets 13,230 Equity $23,990 *Exposed Current rate method Assets (S thousands) Liabilities (s thousands) Cash, marketable securities 1,190 Accounts payable" Accounts receivable 3,060 Short-term debt* Inventory 5,270 Long-term debt Net fixed assets 10,710 Equity $20,230 2,380 1,360 7,650 8,840 $20,230 Focus (United States