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 ¥). Its recent balance sheet contained the following items (in billions). Prepare a balance sheet as of March 31, 2011, solving for the missing amount. (Enter your answers in billions.) 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 ¥ 1,279 259 3,568 900 640 2,043 1,939 6,025 1,377 4,324 11,571 788 Solution Assets Cash and cash equivalents 1279 Trade accounts notes, and other receivables 788 inventories 900 investment 640 net property plant and equipment 1939 other assets 6025 Total assets 11571 Liabilities Accounts payable and other current liabilities 3568 Long term debt 2043 other liabilities 1377 Total liabilities 6988 Shareholders equity 259 Retained earnings 4324 Total shareholders equity 4583 Total liabilities and shareholders equity 11571 .

1. 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 ¥). Its
recent balance sheet contained the following items (in billions).
Prepare a balance sheet as of March 31, 2011, solving for the missing amount. (Enter your
answers in billions.)
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 ¥). Its
recent balance sheet contained the following items (in billions).
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 ¥ 1,279 259 3,568 900 640 2,043 1,939 6,025 1,377
4,324 11,571 788
Solution
Assets Cash and cash equivalents 1279 Trade accounts notes, and other receivables 788
inventories 900 investment 640 net property plant and equipment 1939 other assets 6025 Total
assets 11571 Liabilities Accounts payable and other current liabilities 3568 Long term debt 2043
other liabilities 1377 Total liabilities 6988 Shareholders equity 259 Retained earnings 4324 Total
shareholders equity 4583 Total liabilities and shareholders equity 11571