Bookmarks Jools 1IN | a search International has operations in Arrakis. The bala

Question

Bookmarks Jools 1IN | a search International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 30,000 solaris, debt in the amount of 11,000 solaris, and equity of 19,000 solaris. Assume the equity increases by 2,100 solaris due to retained earnings. If the exchange rate at the end of the year is 1.34 solaris per dollar, what does the balance sheet look like? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Balance Sheet (dollars) Assets Liabilities Debt Equity Total debt & equity Assets 10:27 PM 23rn7

Explanation / Answer

Assets=30000+2100=32100 solaris in dollars it is =32100/1.34=23955.22
Liabilites=11000 solaris and in dollars it is =11000/1.34=8208.96
Equity=19000+2100=21100 solaries in dollars it is =21100/1.34=15746.27

Assets=23955.22
Debt=8208.96
Equity=15746.27
Total debt and equity=23955.22

Related Questions

Navigate

• Browse (All)
• Browse B
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.