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 27,000 solaris, debt in the amount of 11,000 solaris, and equity of 16,000 solaris. Assume the equity increases by 1,250 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 1.54 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 27,000 solaris, debt in the amount of 11,000 solaris, and equity of 16,000 solaris. Assume the equity increases by 1,250 solaris due to retained earnings.

Explanation / Answer

(a) Preparation of the balance sheet look like in Arrakeen solaris.We have,

Balance sheet

(b) Preparation of the balance sheet look like in American dollar.We have,

Balance sheet

Arrakeen solaris Arrakeen solaris Assets 28,250 Debt 11,000 Equity 17,250 Total Assets 28,250 Total liabilities and equity 28,250

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