Question

Atreides International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 45,000 solaris, debt in the amount of 18,000 solaris, and equity of 27,000 solaris. Assume the equity increases by 2,000 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 1.55 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

Atreides International Requirment a Balance sheet Assets Amount Liabilities Liabilities Equity Total liabilities & equity Amount 18000 29000 47000 Total Assets 47000 27000 + 2000 = 29000 Requirment b Balance sheet Assets Amount in $ Liabilities Liabilities Equity 30322.58 Total liabilities & equity Amount in $ 11612.90 18709.68 30322.58 Total Assets 18000 / 1.55 = 11612.90 29000 / 1.55 = 18709.68