609 The following is a list of account titles and amounts (in millions) reported at December 30, 2018 by Patet & King Manufacturing a leading manufacturer of games, toys, and interactive entertainment software for children and families Accounts Receivable $1,130 Equipment Accumulated Amortization $ 504 759 Goodwill Accumulated Depreciation 514 Inventory Allowance for Doubtful Accounts 41 Land Buildings Licensing Rights Cash and Cash Equivalents 69 Prepaid Rent Required: 1. Prepare the asset section of a classified balance sheet for Patel & King Manufacturing 2-0. Using Patel & King's 2018 Net Sales Revenue of $4,520 (million) and its average Net Fixed Assets of $264 (Million), calculate the fixed asset turnover ratio for 2018 2-b. Has the company generated more or less revenue from each dollar of foed assets than in 2017, when the ratio was 18.32 254 14 1.849 369