Question

Use the starting balance sheet and statement of cash flows to answer the question. Nippon Technology Balance Sheet As of December 31, 2017 (amounts in thousands) Cash 137,000 Accounts Payable 20,000 Accounts Receivable 32,000 Debt 36,000 Inventory 51,000 Other Liabilities 9,000 Property Plant & Equipment, Gross 227,000 Total Liabilities 65,000 Accumulated Depreciation 73,000 Paid-In Capital 72,000 Property Plant & Equipment, Net 154,000 Retained Earnings 245,000 Other Assets 8,000 Total Equity 317,000 Total Assets 382,000 Total Liabilities & Equity 382,000 Nippon Technology Statement of Cash Flows January 1 to March 31, 2018 (amounts in thousands) Net Income 10,000 Depreciation 1,500 Decrease (Increase) in Accounts Receivable 600 Decrease (Increase) in Inventory (500) Increase (Decrease) in Accounts Payable 800 Other Adjustments 0 Net Cash Flow from Operating Activities 12,400 Purchase of Property, Plant, & Equipment (7,300) Other Adjustments 0 Net Cash Flow from Investing Activities (7,300) Increase (Decrease) in Debt (400) Dividends (200) Other Adjustments 0 Net Cash Flow from Financing Activities (600) Net Cash Flow 4,500 What is the value for Total Assets on March 31, 2018? Please specify your answer in the same units as the financial statements.

Answer 1

	Nippon Technology
	Balance Sheet
	As of December 31, 2017
	Cash			137000
	Accounts receivable			32000
	Inventory			51000
	Property, Plant and Equipment	227000
	Less : Accumulated Depreciation	73000		154000
	Other Assets			8000
	Total Assets			382000
	Accounts Payable			20000
	Debt			36000
	Other Liabilities			9000
	Total liabilities			65000
	Paid In capital			72000
	Retained Earnings			245000
	Total Equity			317000
	Total Liabilities and Equity			382000
	Cash flow statement January 1 to March 31
	Net Income			10000
	Depreciation			1500
	Decrease in Accounts Receivable			600
	Increase in Inventory			-500
	Increase in Accounts Payable			800
	Net Cash flow from operating activities			12400
	Purchase of Property, plant and equipment			-7300
	Net Cash flow from investing activities			-7300
	Decrease in Debt			-400
	Dividends			-200
	Net Cash flow from financing activities			-600
	Net Cash flow			4500
	Beginning Cash Balance			137000
	Ending Cash Balance			141500
	Cash			141500
	Accounts receivable			31400
	Inventory			51500
	Property, Plant and Equipment	234300
	Less : Accumulated Depreciation	74500		159800
	Other Assets			8000
	Total Assets			392200
	The Value of Total assets on March 31, 2018 is $ 392200