16题答案是否有问题，fix asset怎么是2300 呢？
16. When Marks translates his forecasted balance sheet for Julius into U.S. dollars, total assets at
31 December 2008 (dollars in millions) will be closest to
A. $1,429.
B. $2,392.
C. $3,703.
Solution：
C is correct. Under the current rate method, all assets are translated using the year-end 2008
(current) rate of$1.61/€1.00. €2,300 X 1.61 = $3,703
EXHIBIT 1 Forecasted Balance Sheet Data for Julius 31 December 2008 (€ Millions)
Total liabilities and shareholder equity 100
Cash 700
Accounts receivable 1,450
Inventory 2,300
Fixed assets 700
Total assets 1,500
Liabilities 100
Common stock 2,300
Retained earnings 50
