Question

Honda Motor Corporation of Japan is a leading international manufacturer of automobiles, motorcycles, all-terrain vehicles, and personal watercraft. As a Japanese company, it follows Japanese GAAP and reports its financial statements in billions of yen (the sign for yen is). A simplified version of its recent balance sheet contained the following items (in billions) ¥ 2,106 231 Cash and cash equivalents Common stock Accounts payable and other current liabilities Inventories Investments Long-term debt Net property, plant, and equipment Other assets Other liabilities Retained earnings Total assets Total liabilities and stockholders' equity Trade accounts, notes, and other receivables 5,429 1,364 597 4,022 3,200 8,606 1,938 7,338 18,958 ? 3,085 Prepare a balance sheet as of March 31, current year, solving for the missing amount. (Enter your answers in billions.)

Answer 1

Balance Sheet
Assets
Cash and cash equivalents		2,106
Inventories		1,364
Trade accounts, notes, and other receivables		3,085
Net property, plant and equipment		3,200
Other assets		8,606
Investments		597
Total Assets		$18,958
Liabilities and Stockholders Equity
Liabilities
Liabilities	5,429
Other liabilities	1,938
Long-term debt	4,022
Total Liabilities		11,389
Stockholders Equity
Common stock	231
Retained earnings	7,338
Total stockholders equity		7,569
Total Liabilities and Stockholders Equity		$18,958

Total Liabilities and Stockholders Equity

$18,958

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