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 19,000 solaris, and equity of 23,000 solaris.

  

a.	If the current exchange ratio is 1.50 solaris per dollar, what does the balance sheet look like in dollars? (Round your answers to 2 decimal places, e.g., 32.16.)

  

Balance sheet
Assets	$	Debt	$
		Equity	$
Total assets	$	Total liabilities and equity	$

  

b.	Assume that one year from now the balance sheet in solaris is exactly the same as at the beginning of the year. If the exchange rate is 1.60 solaris per dollar, what does the balance sheet look like in dollars now?

  

Balance sheet
Assets	$	Debt	$
		Equity	$
Total assets	$	Total liabilities and equity	$

  

c.	Assume that one year from now the balance sheet in solaris is exactly the same as at the beginning of the year. If the exchange rate is 1.45 solaris per dollar, what does the balance sheet look like in dollars now? (Round your answers to 2 decimal places, e.g., 32.16.)

  

Balance sheet
Assets	$	Debt	$
		Equity	$
Total assets	$	Total liabilities and equity	$

Answer 1

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