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ANSWER 1, 2A, 2B The following is a list of account titles and amounts (in millions) reported at December 27, 2015, by Hashey, Inc. a
ANSWER 1, 2A, 2B
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: $ 476 581 336 Accounts Receivable Accumulated Amortization Accumulated Depreciation Allowance for Doubtful Accounts Buildings Cash and Cash Equivalents $1,096 Equipment 731 Goodwill 486 Inventories 40 Land 226 Licensing Rights 666 Prepaid Rent 9 1,869 341 Required: 1. Prepare the asset section of a classified balance sheet for Hashey, Inc. 2. Using Hasbro's 2015 Net Sales Revenue of $4,620 (million), its Net Fixed Assets of $216 (million) at December 28, 2014, and its Net Fixed Assets computed at December 27, 2015, calculate the fixed asset turnover ratio for 2015. Req 1 Req 2A Req 2B 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 27, 2015 (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 Req 1 Req 2A Req 2B Using Hashey's 2015 Net Sales Revenue of $4,620 (million) and its Net Fixed Assets of $216 (million) at December 28, 2014, calculate the fixed asset turnover ratio for 2015. (Round your answer to 2 decimal places.) Show less Fixed Asset Turnover Ratio 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 20.42? lo More Revenue Less Revenue revenueStep by Step Solution
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