Translate into dollars the balance sheet of Washington Leather Goods Spanish subsidiary. When Washington Leather Goods acquired

Question:

Translate into dollars the of Washington Leather Goods€™ Spanish subsidiary. When
Washington Leather Goods acquired the foreign subsidiary, a euro was worth $1.02. The current is $1.34. During the period when retained earnings were earned, the average was $1.17 per euro.

Translate into dollars the balance sheet of Washington Leather G

During the period covered by this situation, which currency was stronger, the dollar or theeuro?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...