Question 7 Not yet answered A foreign subsidiary of a Saudi Parent Company that uses the foreign currency as its functional currency (the foreign currency is the functional currency of the foreign subsidiary) will translate Ending Retained Earnings in the balance sheet using which rate of the below? Marked out of 1.00 P Flag question Select one: a. Composite Amount b. Weighted Average Rate c. None of the answers is correct d. Current (Closing Rate) e. Historical (Actual) Rate