|
|
LC |
Conversion |
USD |
|
|
Cash |
25,000 |
/2.0 |
12,500 |
current rate |
|
Accounts Receivable |
30,000 |
/2.0 |
15,000 |
current rate |
|
Inventory |
35,000 |
/2.0 |
17,500 |
current rate |
|
Net Fixed Assets |
500,000 |
/2.0 |
250,000 |
current rate |
|
|
|
|
|
|
|
Total Assets |
590,000 |
|
295,000 |
|
|
|
|
|
|
|
|
Accounts Payable |
20,000 |
/2.0 |
10,000 |
current rate |
|
Long Term Debt |
100,000 |
/2.0 |
50,000 |
current rate |
|
Common Stock |
250,000 |
/2.5 |
100,000 |
historical rate |
|
Retained Earnings |
220,000 |
|
113,364 |
answer from part 2 |
|
Translation Adjustment |
|
|
21,636 |
plug |
|
Total Liabilities & Equity |
590,000 |
|
295,000 |
|
|
