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Atreides International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows...

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Accounting

Atreides International has operations in Arrakis. The balancesheet for this division in Arrakeen solaris shows assets of 52,000solaris, debt in the amount of 26,000 solaris, and equity of 26,000solaris.

  

a.If the current exchange ratio is 1.25 solaris per dollar, whatdoes the balance sheet look like in dollars? (Round youranswers to 2 decimal places, e.g., 32.16.)

  

Balance sheet
  Assets$     Debt$   
  Equity$   
  Total assets$     Total liabilities and equity$   

  

b.Assume that one year from now the balance sheet in solaris isexactly the same as at the beginning of the year. If the exchangerate is 1.30 solaris per dollar, what does the balance sheet looklike in dollars now?

  

Balance sheet
  Assets$     Debt$   
  Equity$   
  Total assets$     Total liabilities and equity$   

  

c.Assume that one year from now the balance sheet in solaris isexactly the same as at the beginning of the year. If the exchangerate is 1.19 solaris per dollar, what does the balance sheet looklike in dollars now? (Round your answers to 2 decimalplaces, e.g., 32.16.)

  

Balance sheet
  Assets$     Debt$   
  Equity$   
  Total assets$     Total liabilities and equity$   

Answer & Explanation Solved by verified expert
4.4 Ratings (843 Votes)

a.

Balance Sheet
Assets $         41,600.00 Debt $      20,800.00
Equity $      20,800.00
Total Assets $         41,600.00 Total Liabilities and Equity $      41,600.00


Amount in Solaris / 1.25

b.

Balance Sheet
Assets $         40,000.00 Debt $      20,000.00
Equity $      20,000.00
Total Assets $         40,000.00 Total Liabilities and Equity $      40,000.00


Amount in Solaris / 1.30

c.

Balance Sheet
Assets $         43,697.48 Debt $      21,848.74
Equity $      21,848.74
Total Assets $         43,697.48 Total Liabilities and Equity $      43,697.48

Amount in Solaris / 1.19
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