Prior to beginning work on this assignment, read Chapter 7 and review Case 7-2 Palmerstown Company in your course text.Complete requirements 1, 2, and 3 of the case. Summarize your results and conclusions in a three-to-five-page paper supporting your conclusions with key concepts from the weekly reading including:Discuss the results of your spreadsheet analysis including the translation of the foreign subsidiary’s financial statements into U.S. dollars and explanation of how you arrived at the cumulative translation adjustment.Explain your spreadsheet analysis remeasuring the foreign subsidiary’s financial statements into U.S. dollars.Prepare your assessment for management including a discussion of the relationship between key financial indicators and the meaning of the translated amounts for inventories and fixed assets.The Case 7-2 Palmerstown Company paperMust be three to five double-spaced pages in length (not including title and references pages) and formatted according to APA Style (Links to an external site.) as outlined in the Writing Center’s APA Formatting for Microsoft Word (Links to an external site.) resource.Must include a separate title page with the following:Title of paperStudent’s nameCourse name and numberInstructor’s nameDate submittedMust utilize academic voice. See the Academic Voice (Links to an external site.) resource for additional guidance.Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.For assistance on writing Introductions & Conclusions (Links to an external site.) as well as Writing a Thesis Statement (Links to an external site.), refer to the Writing Center resources.Must use at least two scholarly sources in addition to the course text.The Scholarly, Peer-Reviewed, and Other Credible Sources (Links to an external site.) table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.Must document any information used from sources in APA Style as outlined in the Writing Center’s APA: Citing Within Your Paper (Links to an external site.) guide.Must include a separate references page that is formatted according to APA Style as outlined in the Writing Center. See the APA: Formatting Your References List (Links to an external site.) resource in the Writing Center for specifications.