Question: In the previous problem, assume the equity increases by 2,100 solaris due to retained earnings. If the exchange rate at the end of the year

In the previous problem, assume the equity increases by 2,100 solaris due to retained earnings. If the exchange rate at the end of the year is 1.24 solaris per dollar, what does the balance sheet look like?

In the previous problem

Herbert International has operations in Arrakis. The balance sheet for this division in Arrakeen solaris shows assets of 35,000 solaris, debt in the amount of 12,000 solaris, and equity of 23,000 solaris.

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