Atreides International has operations in Arrakis. The balance sheet for this div

Question

Atreides International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 23,000 solaris, debt in the amount of 12,000 solaris, and equity of 11,000 solaris. Assume the equity increases by 1,400 solaris due to retained earnings.

What will the balance sheet look like in Arrakeen solaris?

If the exchange rate at the end of the year is 1.49 solaris per dollar, what does the balance sheet look like?(Round your answers to 2 decimal places. (e.g., 32.16))

Atreides International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 23,000 solaris, debt in the amount of 12,000 solaris, and equity of 11,000 solaris. Assume the equity increases by 1,400 solaris due to retained earnings.

Explanation / Answer

1. Balance sheet

Asset 24,400 Solaris Equity 12,400 Solaris

Debt 12,000 Solaris

2. Divide above figures by 1.49

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