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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 balance​sheet?

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

$12,000,000

In A-Malaysia

$3,800,000

Common Stock

4,000,000

In-A-Mexico

6,100,00

Retained earnings

22,000,000

Current exchange rates

Malaysia

RM 3.60/$

Mexico

PS 14.50/$

0 0
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Answer #1

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