The Roma Corporation is an international conglomeration owning hotels and restaurants. The balance sheet for its Italian subsidiary, Roma Vino Limited, as of December 31, 2004 is shown below. The $/Euro exchange rate, as of December 31, 2004 was $1.2200/Euro .

Roma Vino, Ltd.
Balance Sheet, December 31, 2004
Assets		Euros
	Cash	1,500,000
	Accounts Receivable	3,500,000
	Inventory	2,800,000
	Net fixed assets	5,500,000
Total Assets		13,300,000
Liabilities & Equity
	Accounts payable	900,000
	Notes Payable	1,800,000
	Long-term debt	2,000,000
	Common Stock	1,900,000
	Retained Earnings	6,700,000
Total Liabilities and Equity		13,300,000

Assuming Roma uses the current rate method for translation, what is the total value of exposed assets in Euros?

Under the current rate method, what is the total dollar value of exposed assets?

What is the value of Net exposed assets (in Euros) under the current rate method?

What is the dollar value of Net exposed assets, based on the exchange rate as of the date of the balance sheet?

If the Euro appreciates, will Roma realize a translation gain or translation loss?

What is the dollar amount of the gain (or loss), assuming the current rate translation method, if the Euro appreciates to $1.3420/? (10% appreciation)?