ion list

and British pounds sterling was $$E$5\mathrm{.}60/.$

are the same at the end of the quarter as they were at the beginning.

Using the current rate method, what is Cairo Ingot's contribution to the translation exposure of its parent?

stion $3$

$E($Round to the nearest Egyptian pound.$)$

Data table

Data table

$($Click on the following icon $$ in order to copy its contents into a spreadsheet.$)$

$($Click on the following icon $$ in order to copy its contents into a spreadsheet.$)$

Cairo Ingot's Translation Gain $($Loss$)$ After Depreciation of the Egyptian pound: Current Rate Method

December $31$

Assets

Cash

Accounts receivable

Inventory

Net plant and equipment

Total

Liabilities and Net Worth

Accounts payable

Long$-$term debt

Invested capital

Translation adjustment $($CTA$)$

Total

March $31$