Problem: 3

KFC Corporation is an American Fast Food Restaurant Chain Headquartered in Louisville, Kentucky, which specializes in Fried Chicken with more than 22,621 locations globally in 136 countries. During the Financial Year 2019 - 2020, the company wishes to know the financial performance of one of the foreign affiliate Rakshan Corporation, India. The Reporting Currency and Functional currency are USD and OMR, respectively. The Functional Currency Currently sells at USD 0.013095/INR. The detailed Non-Consolidated Financial Statements for both the companies are as follows:

Assets	KFC Corporation (In USD)	Rakshan Corporation (In INR)
Cash	1,480,500	2,520,000
Prepaid Expenses	18,000	90,000
Inventory	126,000	656,000
Goodwill	150,000	120,000
Plant and Equipment	76,000	155,000
Fixed Deposit in SBI	-	43,000
Total	1,850,500	3,584,000
Liabilities & Net Worth	KFC Corporation (In USD)	Rakshan Corporation (In INR)
Accounts Payable	180,000	533,000
5 Years Term Loan	-	332,500
Wages Outstanding	15,000	490,750
Bonds Payable	25,000	-
Capital Stock	720,000	1,250,000
Retained Earnings	910,500	977,750
Total	1,850,500	3,584,000

Rakshan Corporation in India started the business operation in the year 2013 with the Exchange Rate INR 75.8434/USD and the Average Exchange Rate of USD 0.03178/INR.

Requirement:

1. Translate the Balance Sheet of Rakshan Corporation by using Current Rate Method, Current/Non-Current Method and Temporal Method.
2. Consolidated the Balance Sheet of both the companies by using Monetary/Non-Monetary Method.
3. Calculate the Net Exposed Assets by using Current/Non-Current Method and Temporal Method?