HW 5 Instructions I help Question 2 (of 10) Save & Exit Submit 2. 10.00 points B

Question

HW 5 Instructions I help Question 2 (of 10) Save & Exit Submit 2. 10.00 points Betancourt International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 39,00D solaris, debt in the amcunt of 15,500 solaris, and equity of 23,500 solaris. Assume the equity increases by 3,000 solaris due to retained earnings. If the exchange rate at the end of the year is 1.43 solaris per dollar, what does the balance sheet look like? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g, 32.16.) Balance Sheet (dolars) Assels Liabilities Dabt Equity Tolal debl & ecuity 10839.16 Assets

Explanation / Answer

Debt = 15500/1.43 = 10839.16

Equity = (23500+3000)/1.43 = 18531.46

Assets = 10839.16+18531.46

= 29370.62

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