Adamantine Architectonics. Adamantine Architectonics consists of a U.S. parent and wholly owned subsidiaries in Malaysia (A-Malaysia)...
Adamantine Architectonics. Adamantine Architectonics consists of a U.S. parent and wholly owned subsidiaries in Malaysia (A-Malaysia) and Mexico (A-Mexico). Selected portions of their non-consolidated balance sheets, translated into U.S. dollars, are shown in the popup window,
A-Malaysia (accounts in ringgits) A-Mexico (accounts in pesos)
Long-term debt 12,300,000 Long-term debt 30,000,000
Shareholders' equity 16,810,000 Shareholders' equity 93,000,000
Adamantine Architectonics (Nonconsolidated Balance Sheet-Selected /Items Only)
Investment in subsidiaries Parent long-term debt 18,000,000
In A-Malaysia 4,100,000 Common stock 6,000,000
In A-Mexico 6,200,000 Retained earnings 25,000,000
Current exchange rates
Malaysia (RM/$) 4.10
Mexico (PS/$) 15.00
1. What is the debt proportion in Adamantine's consolidated balance sheet? % (Round to two decimal places.)
Homework Answers
First of all we will find the total debt in consolidated balance sheet of Adamantine's.
Long term debt of Parent : $18,000,000
Add : Long term debt of A-Malaysia in USD = 12,300,000/4.10=$3,000,000
Add : Long term debt of A-Mexico in USD = 30,000,000/15=$2,000,000
Total Consolidated Long term debt = $23,000,000
Consolidated Equity Amount = $6,000,000 + $25,000,000 = $31,000,000
So, the debt proportion in consolidated balance sheet = 23,000,000/31,000,000 = 0.74
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Adamantine Architectonics. Adamantine Architectonics consists of
a U.S. parent and wholly owned subsidiaries in Malaysia
(A-Malaysia)...
Adamantine Architectonics. Adamantine Architectonics consists of a U.S. parent and wholly owned subsidiaries in Malaysia (A-Malaysia)...
Adamantine Architectonics. Adamantine Architectonics consists of a U.S. parent and wholly owned subsidiaries in Malaysia (A-Malaysia) and Mexico (A-Mexico). Selected portions of their non-consolidated balance sheets, translated into U.S. dollars, are shown in the popup window, B . What are the debt and equity proportions in Adamantine's consolidated balance sheet? What is the debt proportion in Adamantine's consolidated balance sheet? % (Round to two decimal places.) A Data Table A-Malaysia (accounts in ringgits) Long-term debt Shareholders' equity RM17,100,000 RM19,350,000 A-Mexico...
Adamantine Architectonics consists of a U.S. parent and wholly owned subsidiaries in Malaysia (A-Malaysia) and Mexico...
Adamantine Architectonics consists of a U.S. parent and wholly owned subsidiaries in Malaysia (A-Malaysia) and Mexico (A-Mexico). Selected portions of their non-consolidated balance sheets, translated into U.S. dollars, are shown below What are the debt and equity proportions in Adamantine's consolidated balancesheet? A-Malaysia (accounts in ringgits) A-Mexico (accounts in pesos) Lont-term debt RM 12,240,000 Long-term debt PS 34,800,000 Shareholder's equity RM 13,680,000 Shareholder's equity PS 88,450,000 Adamantine Architectonics (Nonconsolidated Balance Sheet- Selected Items Only) Investment in subsidiaries Parent long-term debt...
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