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Assume the following is a list of account titles and amounts (In millions) reported at December 31, 2020, by Hasbro, Inc., a leading manufacturer of
Assume the following is a list of account titles and amounts (In millions) reported at December 31, 2020, by Hasbro, Inc., a leading manufacturer of games, toys, and Interactlve entertainment software for children and familles: Required: 1. Prepare the asset section of a classlfied balance sheet for Hasbro, Inc., assuming Hasbro follows ASPE. (Enter your answers In millilons. Amounts to be deducted should be Indlcated by a minus sign.) 2-a. Assuming that Hasbro's 2020 Net Sales Revenue was $3,222 (million) and its Net Fixed Assets was $180 (million) at December 30 , 2019, calculate the fixed asset turnover ratio for 2020 . (Round your answer to 2 decimal places.) 2-b. Has the company generated more or less revenue from each dollar of fixed assets than in 2019 , when the ratio was 20.51 ? Less revenue More revenue
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