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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 810 Common stock 429 Accounts payable and other current liabilities 4,357 Inventories 1,414 Investments 739 Long-term debt 1,833 Net property, plant, and equipment 2,278 Other assets 6,404 Other liabilities 1,589 Retained earnings 4,321 Total assets 12,529 Total liabilities and stockholders equity ? Trade accounts, notes, and other receivables 884 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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