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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
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). Cash and cash equivalents 800 Common stock 329 Accounts payable and other current liabilities 4,377 Inventories 1,314 Investments 729 Long-term debt 2,013 Net property, plant, and equipment 2,248 Other assets 6,444 Other liabilities 1,659 Retained earnings 4,141 Total assets 12,519 Total liabilities and stockholders equity ? Trade accounts, notes, and other receivables 984 Prepare a balance sheet as of March 31, current year, solving for the missing amount. Note: Enter your answers in billions rather than in yen (for example, 5,000 billion should be entered as 5,000 rather than 5,000,000,000)
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