Question

Atreides International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows...

Atreides International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 54,000 solaris, debt in the amount of 24,000 solaris, and equity of 30,000 solaris.

  

a.

If the current exchange ratio is 1.25 solaris per dollar, what does the balance sheet look like in dollars? (Do not round intermediate calculations and 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 1.50 solaris per dollar, what does the balance sheet look like in dollars now? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.16.)

  

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 1.22 solaris per dollar, what does the balance sheet look like in dollars now? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

  

Balance sheet
  Assets $      Debt $   
  Equity   
  Total assets $      Total liabilities and equity $   
Business   Finance   
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Homework Answers

Answer #1

a) $1 = Solaris 1.25

Balance sheet
Assets Solaris 54000 / Solaris 1.25/$ = $43200.00 Debt Solaris 24000 / Solaris 1.25/$ = $19200.00
Equity Solaris 30000 / Solaris 1.25/$ = $24000.00
Total Assets $43200.00 Total Liabilities and Equity $43200.00

b) $1 = Solaris 1.50

Balance sheet
Assets Solaris 54000 / Solaris 1.50/$ = $36000 Debt Solaris 24000 / Solaris 1.50/$ = $16000
Equity Solaris 30000 / Solaris 1.50/$ = $20000
Total Assets $36000 Total Liabilities and Equity $36000

c) $1 = Solaris 1.22

Balance sheet
Assets Solaris 54000 / Solaris 1.22/$ = $44262.30 Debt Solaris 24000 / Solaris 1.22/$ = $19672.13
Equity Solaris 30000 / Solaris 1.22/$ = $24590.17
Total Assets $44262.30 Total Liabilities and Equity $44262.30
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