Question

Piston Motor Company 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).

Piston Motor Company 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 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 \ 800 389 4, 257 1, 264 669 1, 893 2, 208 6, 414 1, 619 4, 181 12, 339 984 Prepare a balance sheet as of March 31, current year, solving for the missing amount. (Enter your answers in billions.) PISTON MOTOR COMPANY Balance Sheet (in billions of Yen) Assets Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity

Answer 1

Piston Motor Company
Balance Sheet
March 31, Current Year
(in billions of Yen)
Assets
Cash and cash equivalents	¥          800
Trade accounts, notes, and other receivables	¥          984
Inventories	¥      1,264
Investments	¥          669
Net property, plant, and equipment	¥      2,208
Other Assets	¥      6,414
Total assets	¥    12,339
Liabilities
Accounts payable and other current liabilities	¥      4,257
Long-term debt	¥      1,893
Other liabilities	¥      1,619
Total liabilities	¥      7,769
Stockholders’ Equity
Contributed capital	¥          389
Retained earnings	¥      4,181
Total stockholders’ equity	¥      4,570
Total liabilities and stockholders' equity	¥    12,339