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 26,000 solaris, debt in the amount of 13,000 solaris, and equity of 13,000 solaris. Assume the equity increases by 1,000 solaris due to retained earnings. What will the balance sheet look like in Arrakeen solaris? Balance sheet Assets $ Debt $ Equity Total assets $ Total liabilities and equity $ If the exchange rate at the end of the year is 1.45 solaris per dollar, what does the balance sheet look like? (Round your answers to 2 decimal places, e.g., 32.16.) Balance sheet Assets $ Debt $ Equity Total assets $ Total liabilities and equity $

Explanation / Answer

Balance Sheet Currency: Arrakeen Solais Amount Solaris Amount Solaris Assets 27000 Debt 13000 Equity 14000 Total Assets 27000 Total Liabilities and Equity 27000 Balance Sheet Currency: $ Amount Solaris Conversion Rate Amount $ Amount Solaris Conversion Rate Amount $ Assets 27000 1.45 solaris per $ 18620.69 Debt 13000 1.45 solaris per $ 8965.52 Equity 14000 1.45 solaris per $ 9655.17 Total Assets 27000 18620.69 Total Liabilities and Equity 27000 18620.69

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