1. The following is a list of account titles and amounts (in millions) reported at December 29, 2013, by Hashey, Inc., a leading manufacturer of games, toys, and interactive entertainment software for children and families:

Accounts Receivable

$

1,090

Equipment

$

470

Accumulated Amortization

725

Goodwill

575

Accumulated Depreciation

480

Inventory

330

Allowance for Doubtful Accounts

45

Land

12

Buildings

220

Licensing Rights

1,875

Cash and Cash Equivalents

660

Prepaids

335

1. Prepare the asset section of a classified balance sheet for Hashey, Inc. (Enter assets in the order of their liquidity. Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign.)

HASHEY, INC.
Balance Sheet (partial)
December 29, 2013
(in millions)
Assets
Current Assets:
Total Current Assets
Property, Plant, and Equipment
Property, Plant, and Equipment (at cost)
Total Property, Plant, and Equipment (net)
Other Assets
Total Other Assets
Total Assets

2. Using Hashey's 2013 Net Sales Revenue of $4,060 (million) and its Net Fixed Assets of $210 (million) at December 30, 2012, calculate the fixed asset turnover ratio for 2013. (Round your answers to 2 decimal places.)

fixed asset turn over ratio?

3. Tails Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of $40,500. The equipment has an estimated residual value of $2,100. The equipment is expected to process 265,000 payments over its three-year useful life. Per year, expected payment transactions are 63,600, year 1; 145,750, year 2; and 55,650, year 3.

Required:

Complete a depreciation schedule for each of the alternative methods. (Do not round intermediate calculations.)

a. Straight-line

	Income Statement	Balance Sheet
Year	Depreciation Expense	Cost	Accumulated Depreciation	Book Value
At acquisition
1
2
3

b. units-of-production

	Income Statement	Balance Sheet
Year	Depreciation Expense	Cost	Accumulated Depreciation	Book Value
At acquisition
1
2
3

c. Double-declining-balance.

	Income Statement	Balance Sheet
Year	Depreciation Expense	Cost	Accumulated Depreciation	Book Value
At acquisition
1
2
3