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593 743 31 10 The following is a list of account titles and amounts (in millions) reported at December 30, 2018, by KidTime Entertainment a

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593 743 31 10 The following is a list of account titles and amounts (in millions) reported at December 30, 2018, by KidTime Entertainment a leading manufacturer of games, toys, and interactive entertainment software for children and families Accounts Receivable $ 1,108 Equipment $ 488 Accumulated Amortization Goodwill Accumulated Depreciation 498 Inventory 348 Allowance for Doubtful Accounts Land Buildings 238 Licensing Rights 1.357 Cash and Cash Equivalents 678 Prepaid Rent 353 Required: 1. Prepare the asset section of a classified balance sheol for KidTime Entertainment 2-a. Using KidTime's 2018 Net Sales Revenue of $4,560 (million) and its average Net Fixed Assets of $272 million), calculate the fixed asset turnover ratio for 2018 2-b. Has the company generated more or less revenue from each dollar of fixed assets than in 2017, when the ratio was 1836

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