Atreides International has operations in Arrakis. The balance sheet for this div
ID: 2799807 • Letter: A
Question
Atreides International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 42,000 solaris, debt in the amount of 14,000 solaris, and equity of 28,000 solaris. Assume the equity increases by 1,800 solaris due to retained earnings. What will the balance sheet look like in Arrakeen solaris? Balance sheet Debt Equity Assets Total assets Total liabilities and equity If the exchange rate at the end of the year is 1.53 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 equityExplanation / Answer
Balance Sheet in Arakeen Solaris
Assets - 42,000 Solaris Debt 14,000 Solaris
Equity 28,000 Solaris
Total Assets - 42,000 Solaris Total Liabilities + Equity 42,000 Solaris
Balance Sheet in Dollars
Assets - $ 64,260 Debt $ 21,420
Equity $ 42,840
Total Assets - $ 64,260 Total Liabilities + Equity $ 64,260
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