Hebert International has operations in Arrakis. The balance sheet for this divis

Question

Hebert International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 54,000 solaris, debt in the amount of 25,000 solaris, and equity of 29,000 solaris. Assume the equity increases by 2,700 solaris due to retained earnings.

  

What will the balance sheet look like in Arrakeen solaris? (Do not round intermediate calculations and round your final answers to 2 decimal places (e.g., 32.16).)

If the exchange rate at the end of the year is 1.62 solaris per dollar, what does the balance sheet look like in U.S. dollars? (Do not round intermediate calculations and round your final answers to 2 decimal places (e.g., 32.16).)

  

Hebert International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 54,000 solaris, debt in the amount of 25,000 solaris, and equity of 29,000 solaris. Assume the equity increases by 2,700 solaris due to retained earnings.

Explanation / Answer

Balance sheet

Balance Sheet in $

Amount Amount Assets 54,000 Debt 22,300 Equity 31,700 Total 54000 Toatl 54000

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