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9-1 Preparing a Classified Balance Sheet [LO 9-1, LO 9-7 The following is a list of account titles and amounts (in millions) reported at December
9-1 Preparing a Classified Balance Sheet [LO 9-1, LO 9-7 The following is a list of account titles and amounts (in millions) reported at December 27, 2015, by Hashey, Inc. a leading manufacturer of games, toys, and interactive entertainment software for children and families: $ 510 615 370 Accounts Receivable $1,138 Equipment 765 Goodwill 520 Inventories Accumulated Amortization Accumulated Depreciation Allowance for Doubtful Accounts Buildings Cash and Cash Equivalents 47 Land 260 Licensing Rights 700 Prepaid Rent 1,855 375 Required: 1. Prepare the asset section of a classified balance sheet for Hashey, Inc. 2. Using Hasbro's 2015 Net Sales Revenue of $4,550 (million), its Net Fixed Assets of $225 (million) at December 28, 2014, and its Net Fixed Assets computed at December 27, 2015, calculate the fixed asset turnover ratio for 2015. HASHEY, INC Balance Sheet (partial) December 27, 2015 (in millions) Assets Current Assets 0 Total Current Assets Property, Plant, and Equipment Property, Plant, and Equipment (at cost) 0 Total Property, Plant, and Equipment (net) Other Assets 0 Other Assets Total Other Assets 0 Total Assets 0 Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 Using Hashey's 2015 Net Sales Revenue of $4,550 (million) and its Net Fixed Assets of $225 (million) at December 28, 2014, calculate the fixed asset turnover ratio for 2015. (Round your answer to 2 decimal places.) Req 1 Req 2B 1. Prepare the asset section of a classified balance sheet for Hashey, Inc. 2. Using Hasbro's 2015 Net Sales Revenue of $4,550 (million), its Net Fixed Assets of $225 (million) at December 28, 2 Fixed Assets computed at December 27, 2015, calculate the fixed asset turnover ratio for 2015. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Has the company generated more or less revenue from each dollar of fixed assets than in 2014, when the ratio was 18.35? More Revenue O Less Revenue KReq 2A eg 20 >
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