F B E 1 1. Compute the following balance sheet items in question marks (10 pts) 2 3 Table 1. Balance sheet of SONY (billion US$) 4 5 DEC 31, DEC 31, DEC 31, DEC 31, 6 2017 2018 2019 2020 7 ASSETS 8 Cash 80 180 250 290 9 Marketable Securities 70 60 65 75 10 Net Accounts Receivable 300 380 470 490 11 Inventories 250 360 450 585 12 Gross Fixed Assets 700 970 1030 1250 13 Allowance for Depreciation 250 300 350 400 14 15 Total Assets ? ? ? ? 16 17 LIABILITIES & OWNERS' EQUITY 18 Accounts Payable 100 180 165 210 19 Notes Payable 200 150 140 165 20 Accruals 50 70 90 155 21 Long-term debt 200 250 380 455 22 Common Stock 150 500 650 755 23 Retained Earnings 450 500 490 550 24 25 Total Liabilities & Owners' equity ? ? ? ? 26 27 28 29 30 ? 1 3. Assume that SONY Corporation will merge the balance sheets of its branches around the world to be done in Turkish Lira in Turkey. 2 If the current exchange rate is 8.50 TL/USD, then transform the balance sheet in BS worksheet into TL. Fill the following table in TL by interworksheet formulation 3 4 DEC 31, DEC 31, DEC 31, DEC 31, 5 2017 2018 2019 2020 6 ASSETS 7 Cash ? ? ? ? 8 Marketable Securities ? ? ? ? 9 Net Accounts Receivable ? ? ? ? 10 Inventories ? ? ? ? 11 Gross Fixed Assets ? ? ? ? 12 Allowance for Depreciation ? ? ? ? 13 14 Total Assets ? ? ? ? 15 16 LIABILITIES & OWNERS' EQUITY 17 Accounts Payable ? ? ? ? 18 Notes Payable ? ? ? ? 19 Accruals ? ? ? ? 20 Long-term debt ? ? ? ? 21 Common Stock ? ? ? ? 22 Retained Earnings ? ? ? ? 23 24 Total Liabilities & Owners' equity ? ? ? ? 25 26 27 28 29 30