Adil is preparing for a trip to UK. Before his trip, he researched on the exchange rate between Omani Rial and Pound Sterling (). He learned that 1 equals to RO 0.490. 1. How much will Adil receive if he exchange RO5,000 ? 2. How much 7,500 worth in RO? 26 As at 31st December 2017 OMR OMR OMR Assets Current Assets Cash Accounts Receivable Interest Receivable Notes Receivable Prepaid Insurance Prepaid Rent Supplies on Hand Total Current Assets 80.000 10.000 500 3.500 900 2,500 1.000 98,400 Noncurrent Assets Equipment Accumulated Depreciation Equipment Buildings Accumulated Depreciation-Buildings Land Total Noncurrent Assets Total Assets 45,000 (12,000) 125.000 (7,000) 60.000 211,000 309,400 Liabilities Current Liabilities Accounts Payable Notes Payable Interest Payable Salaries Payable Total Current Liabilities 55000 15000 500 4000 74,500 0 Noncurrent Liabilities Long-term Liabilities Total Noncurrent Liabilities Total Liabilities 0 74,500 234,900 Equity Owner's Equity Total Equity 234,900 309,400 Total Liabilities and Equity