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Certain Balance Sheet Accounts of a Foreign Subsidiary of Parker

question 78

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Certain balance sheet accounts of a foreign subsidiary of Parker Company at December 31, 2011, have been restated into U.S. dollars as follows:
Certain balance sheet accounts of a foreign subsidiary of Parker Company at December 31, 2011, have been restated into U.S. dollars as follows:   If the current rate used to restate these amounts is $.95, what was the average historical rate used to arrive at the total amount for historical rates?  A)  $0.9000. B)  $1.0000. C)  $0.9500. D)  $0.9474. E)  $1.0556.
If the current rate used to restate these amounts is $.95, what was the average historical rate used to arrive at the total amount for historical rates?

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