Question

Use the starting balance sheet and statement of cash flows to answer the question.

Siam Traders Balance Sheet As of December 31, 2019 (amounts in thousands)
Cash	91,000	Accounts Payable	19,000
Accounts Receivable	44,000	Debt	24,000
Inventory	48,000	Other Liabilities	6,000
Property Plant & Equipment, Gross	234,000	Total Liabilities	49,000
Accumulated Depreciation	78,000	Paid-In Capital	69,000
Property Plant & Equipment, Net	156,000	Retained Earnings	247,000
Other Assets	26,000	Total Equity	316,000
Total Assets	365,000	Total Liabilities & Equity	365,000

Siam Traders Statement of Cash Flows January 1 to March 31, 2020 (amounts in thousands)
Net Income	7,200
Depreciation	2,000
Decrease (Increase) in Accounts Receivable	(100)
Decrease (Increase) in Inventory	1,000
Increase (Decrease) in Accounts Payable	600
Other Adjustments	0
Net Cash Flow from Operating Activities	10,700
Purchase of Property, Plant, & Equipment	(8,300)
Other Adjustments	0
Net Cash Flow from Investing Activities	(8,300)
Increase (Decrease) in Debt	(700)
Dividends	(500)
Other Adjustments	0
Net Cash Flow from Financing Activities	(1,200)
Net Cash Flow	1,200

What is the value for Total Assets on March 31, 2020?

Please specify your answer in the same units as the financial statements.

Answer 1

Answer:

Assets
At March 31,2020
(Amount in thousands)
Cash		92,200
Accounts Receivable		44,100
Inventory		47,000
Property Plant & Equipment, Gross	242,300
Accumulated Depreciation	-80,000	162300
Property Plant & Equipment, Net		322,300
Other Assets		26,000
Total		693,900

Calculations:

	Dec 31,2019		Increase+/Decrease-	Mar 31,2020
Cash		91,000	1,200		92,200
Accounts Receivable		44,000	100		44,100
Inventory		48,000	-1,000		47,000
Property Plant & Equipment, Gross	234,000		8,300	242,300
Accumulated Depreciation	-78,000		-2,000	-80,000	162,300
Property Plant & Equipment, Net		312,000			322,300
Other Assets		26,000			26,000
Total		521,000			693,900