(Answered) A us-based mnc has a subsidiary in france local currency

Finance

A U.S.-based MNC has a subsidiary in France (local currency, euro, €). The balance sheet and income statement of the subsidiary follow. On December 31, 2112, the exchange rate is US$1.20/€. Assume that the local (euro) figures for the statements remain the same on December 21, 2113.

Calculate the U.S. dollar-translated figures for the two ending time periods, assuming that between December 31, 2112, and December 31, 2113, the euro has appreciated against the U.S. dollar by6%.

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