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QUESTION 17 Given the following balance sheet of a US based MNC's fully operational subsidiary, who operates in Japan and whose functional currency is the

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QUESTION 17 Given the following balance sheet of a US based MNC's fully operational subsidiary, who operates in Japan and whose functional currency is the Japanese Yen, determine the amount of the translation exposure in dollars if the Yen depreciates by 10% from\110 S to 4122 S by applying the current rate method. Balance Sheet of Subsidiary in Assets Liabilities +Equity Cash A/R Inventory PPE #145,000 104,000 275,000 95,000 Accounts Payable Short Term Debt Long term debt Common Stock Retained Earnings 246,000 128,000 329,000 534,000 Y182,000 Total 1,419,000 1,419,000 T TT Arial # 3 (12pt) : T. :--I" Path: p Words:0

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