QUESTION 2 Tries remaining Translation of financial statements Assume that your company owns a subsidiary operating in Mexico. The subsidiary maintains its books in the Mexican Peso as its functional currency. The subsidiary's financial statements (in Pesos) for the most recent year follow in a. below: The relevant exchange rates (S:Peso) are as follows: BOY rate EOY rate Avg. rate PPE purchase date rate LTD borrowing date rate Dividend rate Historical rate (common stock and APIC) ked out of 16,66Plag question $0.080 $0.090 $0.085 0.086 $0.089 $0.087 $0.060 For both parts a. and b. below, use a negative sign with answers to indicate a reduction. QUESTION 2 Tries remaining Translation of financial statements Assume that your company owns a subsidiary operating in Mexico. The subsidiary maintains its books in the Mexican Peso as its functional currency. The subsidiary's financial statements (in Pesos) for the most recent year follow in a. below: The relevant exchange rates (S:Peso) are as follows: BOY rate EOY rate Avg. rate PPE purchase date rate LTD borrowing date rate Dividend rate Historical rate (common stock and APIC) ked out of 16,66Plag question $0.080 $0.090 $0.085 0.086 $0.089 $0.087 $0.060 For both parts a. and b. below, use a negative sign with answers to indicate a reduction