The comparative balance sheet of Ramos Company appears below:
(a)RAMOS COMPANY
Comparative Balance Sheet
December 31,2012 and 2011
Instructions
Round percentage to one decimal place.
Definitions:
Exchange Rates
The value of one currency for the purpose of conversion to another.
Purchasing Power
The buying power of a currency, measured by how many goods or services can be acquired with a single unit of that currency.
Imports And Exports
The act of bringing goods and services into one country from another (imports) and sending goods or services from one country to another (exports).
EAFE Index
A stock index that measures the equity market performance of developed markets outside of the U.S. & Canada, known as Europe, Australasia, and Far East.
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