Hebert International has operations in Arrakis. The balance sheet for this divis
ID: 2779386 • Letter: H
Question
Hebert International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 23,000 solaris. debt in the amount of 12,000 solaris, and equity of 11,000 solaris. Assume the equity increases by 1,400 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 1.49 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).)Explanation / Answer
Balance Sheet in Solaris
Assets
23,000.00
Debt
12,000.00
Equity
11,000.00
Total Assets
23,000.00
Total Liabilities and Equity
23,000.00
Balance Sheet in Us Dollars
Assets (23000/1.49)
15,436.24
Debt (12000*1.49)
8,053.69
Equity (15436.24 - 8053.69)
7,382.55
Total Assets
15,436.24
Total Liabilities and Equity
15,436.24
Balance Sheet in Solaris
Assets
23,000.00
Debt
12,000.00
Equity
11,000.00
Total Assets
23,000.00
Total Liabilities and Equity
23,000.00
Balance Sheet in Us Dollars
Assets (23000/1.49)
15,436.24
Debt (12000*1.49)
8,053.69
Equity (15436.24 - 8053.69)
7,382.55
Total Assets
15,436.24
Total Liabilities and Equity
15,436.24
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