Question

Atreides International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 39,000 solaris, debt in the amount of 13,000 solaris, and equity of 26,000 solaris. Assume the equity increases by 1,500 solaris due to retained earnings.

  

What will the balance sheet look like in Arrakeen solaris?

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

If the exchange rate at the end of the year is 1.50 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 equity	$

Answer 1

First part:

Balance sheet
Assets	40,500	Debt	13,000
		Equity	27,500
Total assets	40,500	Total liabilities and equity	40,500

Second part:

Balance sheet
Assets	$            60,750	Debt	$      19,500
		Equity	$      41,250
Total assets	$            60,750	Total liabilities and equity	$      60,750