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 57,000 solaris, debt in the amount of 27,000 solaris, and equity of 30,000 solaris. Assume the equity increases by 2,800 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 1.63 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 Arrakeen Solaris Assets Amt Solaris Liabilities & Equities Amt Solaris Assets in The beginning                  57,000 Debt               27,000 Add Cash from increased Profit                     2,800 Total Shareholders' Equity             32,800 Total Assets                    59,800 Total Liabilities & Equity             59,800 Balance Sheet in $ term Arrakeen Solaris Assets Amt $ Liabilities & Equities Amt $ Assets in The beginning                  34,969 Debt               16,564 Add Cash from increased Profit                     1,718 Total Shareholders' Equity             20,123 Total Assets                    36,687 Total Liabilities & Equity             36,687

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