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Ramikin Co is a fully owned subsidiary of Bobbin Ltd, an Australian company. Bobbin Ltd purchased all the issued capital of Ramikin Ltd on 1
Ramikin Co is a fully owned subsidiary of Bobbin Ltd, an Australian company. Bobbin Ltd purchased all the issued capital of Ramikin Ltd on 1 July 2014. Ramikin Ltd's local currency is Canada \$. The following information is from the foreign currency accounts of Ramikin Ltd for the period ended 30 June 2015. \begin{tabular}{|l|l|} \hline Ramikin Ltd Statement of comprehensive income period ended 30 June 2015 \\ \hline \end{tabular} ax. Inventory was ve period purchased over he period. Suppose the ncyuucu. Based on the information provided, provide translated statement of comprehensive income and translated statement of financial position for Ramikin Co at 30 June 2015 (fill in the numbers in the following sheet). \begin{tabular}{|l|l|l|l|} \hline Column (1) & \$CAN & Rate & \$AUS \\ \hline & & & \\ \hline Sales revenue & & & \\ \hline Less Cost of good sold & & & \\ \hline Opening inventory & & & \\ \hline Purchases & & & \\ \hline Closing inventory & & & \\ \hline Gross Profit & & & \\ \hline Foreign Exchange Loss/Profit & & & \\ \hline Expenses & & & \\ \hline Operating profit & & & \\ \hline Income tax expense & & & \\ \hline Operating profit after tax & & & \\ \hline & & & \\ \hline Assets & & & \\ \hline PPE & & & \\ \hline Land & & & \\ \hline Cash and debtor & & & \\ \hline Inventory & & & \\ \hline Total Assets & & & \\ \hline Liabilities & & & \\ \hline Bank Loan & & & \\ \hline Trade Creditors & & & \\ \hline Shareholders' funds & & & \\ \hline Share Capital & & & \\ \hline Retained Earnings & & & \\ \hline 01 July 2014 & & & \\ \hline 30 June 2015 & & & \\ \hline FTR reserve & & & \\ \hline Total L and S & & & \\ \hline \end{tabular} Ramikin Co is a fully owned subsidiary of Bobbin Ltd, an Australian company. Bobbin Ltd purchased all the issued capital of Ramikin Ltd on 1 July 2014. Ramikin Ltd's local currency is Canada \$. The following information is from the foreign currency accounts of Ramikin Ltd for the period ended 30 June 2015. \begin{tabular}{|l|l|} \hline Ramikin Ltd Statement of comprehensive income period ended 30 June 2015 \\ \hline \end{tabular} ax. Inventory was ve period purchased over he period. Suppose the ncyuucu. Based on the information provided, provide translated statement of comprehensive income and translated statement of financial position for Ramikin Co at 30 June 2015 (fill in the numbers in the following sheet). \begin{tabular}{|l|l|l|l|} \hline Column (1) & \$CAN & Rate & \$AUS \\ \hline & & & \\ \hline Sales revenue & & & \\ \hline Less Cost of good sold & & & \\ \hline Opening inventory & & & \\ \hline Purchases & & & \\ \hline Closing inventory & & & \\ \hline Gross Profit & & & \\ \hline Foreign Exchange Loss/Profit & & & \\ \hline Expenses & & & \\ \hline Operating profit & & & \\ \hline Income tax expense & & & \\ \hline Operating profit after tax & & & \\ \hline & & & \\ \hline Assets & & & \\ \hline PPE & & & \\ \hline Land & & & \\ \hline Cash and debtor & & & \\ \hline Inventory & & & \\ \hline Total Assets & & & \\ \hline Liabilities & & & \\ \hline Bank Loan & & & \\ \hline Trade Creditors & & & \\ \hline Shareholders' funds & & & \\ \hline Share Capital & & & \\ \hline Retained Earnings & & & \\ \hline 01 July 2014 & & & \\ \hline 30 June 2015 & & & \\ \hline FTR reserve & & & \\ \hline Total L and S & & & \\ \hline \end{tabular}
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