Adamantine Architectonics. Adamantine Architectonics consists of a U.S parent an

Question

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, EEB What are the debt and equity propertions in Adamantine's consolidated balance sheer? What is the debl proporlion in Adarmantine's consolidated balance sheet? % (Round to two decmal places ) Data Table A-Malaysla (accounts In ringglts) Long-tem debt Shareholders' equity A-Mexico (accounts in ?????) RM13500000Long-tem debt RM20 250,000 Sharehoders equity PS24,200 000 PS73,700.000 Adamantine Architectonics (Nonconsolidated Balance Sheet-Selected Items Only) Inwestmen in sutbsiiaries In A Malaysia In A-Mexico Current exchange rates Parent lon-ern debl Common stock etained earning:s $12,000,000 1,000,000 SM500,000 Malaysia Mexiko RM4 50 P311.003 Print Done

Explanation / Answer

Debt:

Malaysian Ringgits debt (13500,000/4.5)= 3,000,000

Mexican Peso debt (2420000/11)=220,000

Parent long term debt= 12,000,000

Consolidated debt = 15,220,000

Equity

Shareholders equity= Common+ Retained = 4,000,000+ 25,000,000 = 29,000,000

Debt proportion = Debt/ (Debt+ Equity)

= 15220,000/ (15220000+29000000) = 34.42%

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