FIN-504 MODULE 8 HW

FIN-504 MODULE 8 HW - FIN 504 - Finance Principals Gerald...

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Unformatted text preview: FIN 504 - Finance Principals Gerald McGill Grand Canyon University Module Eight - International Managerial Finance 18-2 Translation of Income Statement 12/31/2009 12/31/2010 Euro US$ US$ Sales $30,000.00 $36,000.00 $38,100.00 Cost of Goods $29,750.00 $35,700.00 $37,782.50 Operating Profits $250.00 $300.00 $317.50 Translation of Balance Sheet 12/31/2009 12/31/2010 Assets Euro US$ US$ Cash $40.00 $48.00 $50.80 Inventory $300.00 $360.00 $381.00 Plant & Equipment (net) $160.00 $192.00 $203.20 Total $500.00 $600.00 $635.00 Liabilities and Stockholders Equity 12/31/2009 12/31/2010 Euro US$ US$ Debt $240.00 $288.00 $304.80 Paid-In Capital $200.00 $240.00 $254.00 Retained Earnings $60.00 $72.00 $76.20 Total $500.00 $600.00 $635.00 $1.20/1 as of 12/31/2009 $1.20 X 1.06 = $1.27/1 as of 12/31/2010 On 12/31/2009, the exchange rate is $1.20/1 Calculate the U.S. Dollar-translated figures for the two ending time periods, assuming that between 12/31/2009 and 12/31/2010 the euro has appreciated against the U.S. Dollar by 6%....
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This note was uploaded on 07/06/2011 for the course FIN 504 taught by Professor Professorwhite during the Spring '11 term at Grand Canyon.

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FIN-504 MODULE 8 HW - FIN 504 - Finance Principals Gerald...

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