Betancourt International has operations in Arrakis. The balance sheet for this d

Question

Betancourt International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 26,000 solaris, debt in the amount of 9,000 solaris, and equity of 17,000 solaris. Assume the equity increases by 1, 700 solaris due to retained earnings. Required: If the exchange rate at the end of the year is 1.30 solaris per dollar, what does the balance sheet look like? (Enter your answer as directed, but do not round intermediate calculations. Round your answers to 2 decimal places (e.g.. 32.16).)

Explanation / Answer

BALANCE SHEET (Dollars)

Assets

Amount

Liabilities

Amount

Assets

$20000

Debt

$6923.08

Equity

$13076.92

Total

$20000

Total

$20000

Assets

Amount

Liabilities

Amount

Assets

$20000

Debt

$6923.08

Equity

$13076.92

Total

$20000

Total

$20000

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