Question: To avoid confusion, please help by providing the formula too. Thank you! Sport rate = $2/1 Historical rate = $3/1 A company located in Sweden

To avoid confusion, please help by providing the formula too. Thank you!

Sport rate = $2/1 Historical rate = $3/1 A company located in Sweden has translated its financial accounts into U.S. dollars. Fill out the missing entries that translate the balance sheet below. Current Rate Temporal Local Currency () Monetary / Current Nonmonetar Noncurrenty Balance Sheet Cash 2,100 Marketable Securities 1,000 Inventory (Current Value = 2800) Net Fixed Assets 2,500 4,000 Total Assets 9,600 Current Liabilities 2,200 Long-Term Debt 2,800 Common Stock 3,700 Retained Earnings 900 (700) 1,000 Cumulative Transfer Adjustment (CTA) Total Liability & Equity 9,600 23,200 25,700 19,200

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